Not a single, modern-day entrepreneur or investor in China has had to experience a substantial and painful economic slowdown, let alone a recession. The reason is simple: Since the nation’s reform and opening campaign began in 1978, China has never faced such situations.
China’s average gross domestic product growth rate was 9.74 percent between 1980 and 2015, according to the National Statistics Bureau. The annual compound growth rate during the same period was 9.76 percent.
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