From City A.M.
First, it’s worth reminding ourselves what 5 per cent GDP growth – let’s call it the “worst case” scenario growth rate – would mean for a country of China’s size. According to the IMF, China’s GDP in 2014 was $10.3 trillion. That means 5 per cent growth in 2015 would add around $520bn to its economy. That’s the equivalent of adding a country the size of Belgium to the global economy in a single year.