Why Is It Bad To Have An Economy (such As China) Grow Too Quickly?
Posted by China Sourcing CommentatorSep 23
a quick economic growth without a plan or foundation can be outright dangerous. if there’s no solid foundation the growth can easily turn into a recession if the growth slow down or other significant problems.
China’s economy growth is growing so fast that the chinese government is not really able to control its growth, thus there are a whole array of problem that come along with this growth, such as poorly manufactured items ( lead paint incident), and violation of other standards/conducts. and a larger gap between the rich and the poor.
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it is because it is prone to economic shocks