China’s Changing Development Pattern.docVIP

China’s Changing Development Pattern DATA available on the world’s two largest economies， China and the U.S.， for 2013 provide an opportunity to take stock of Chinas immediate economic prospects and the more general challenges facing its economic development strategy. The short-term trends are clear. China’s economic growth decelerated marginally from 7.8 percent in 2012 to 7.7 percent in 2013. U.S. economic growth slowed more substantially ? from 2.8 percent in 2012 to 1.9 percent in 2013. In money terms， Chinas GDP in 2013 grew by US $1，030 billion and U.S. GDP by US $560 billion. Western