Uncommonly Steady GrowthOfficial data shows that China’s economy has grown between 6.7 percent and 7.2 percent for the last 11 quarters, a stunningly long period of stability by international standards. Factories HumPhotoDespite the dubious predictability, other figures do suggest that China’s economy is expanding at a vigorous pace. Real estate is a big factor in China’s growth. Last year, China’s central bank urged commercial banks to step up mortgage lending to support the housing market, which had been weakening in some cities. That lending kept the economy going but resulted in heavy debt that economists worry could hinder the country’s growth for years to come.

Source: New York Times April 17, 2017 02:37 UTC