Economics
Li Hits Davos With China Saying ‘Get Over It’ on Slowdown
This article is for subscribers only.
As China’s premier prepares to address global decision-makers at Davos on Wednesday, his nation’s state news agency offered a message for those worried about the weakest Chinese economic growth since 1990: “Get over it.”
That’s the expression Xinhua used after government data showed gross domestic product rose 7.4 percent last year. It’s no surprise the “miraculous” years of 10 percent expansion are done, the agency wrote in a commentary. The remark echoes President Xi Jinping’s repeated emphasis on a “new normal” era where policy makers focus on the quality of growth.