China's economy lost momentum in the first quarter and growth in 2014 could fall short of the government's official target, according to a CNNMoney survey of economists. China's current projected GDP is around 7.3%, lower than the targeted 7.5%. China's GDP growth is being closely watched as the government works to reform the world's second largest economy after years of runaway expansion. The article outlines the steps the Chinese government have taken to help the economy grow, and also talks about what more the government should be doing.
I think this decline was expected by many economists. As stated, China has had many years of growth; growth that cannot be expected to stay at the same level for a life time. This growth is in a cycle and China will not always have a powerhouse economy.
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