A Perspective on China's Growth Rate

We were meeting one of our US based clients earlier this week and during a discussion on whether the Chinese economy had fallen behind the pace we used the following reference to scale the current speed of China’s growth…

"China creates a Greece in 12.5 weeks. Since 2010 China has created an India".

The source of the quote was Jim O'Neill, the Goldman Sachs economist who invented the BRIC acronym.

Given the state of the Greek economy it generated a few quick gags at the expense of the drachma but is still an astounding statistic. JS