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　　The definition of economic slowdown by Eichengreen et al. is that growthrate declines by two or three percentage points before and after the turningpoint of slowdown. The difference between their average case in general andChina case in particular is that the decline of growth rate from 5.6% to 2.1%(down 3.5 percentage points) observed in the data of various countries(Eichengreen et al., 2013) has different significance from China’s fallinggrowth rate from 11.3% in the 11th FYP period to 7.8% in the 12thFYP period (also down by 3.5 percentage points). That is, while the formerrepresents a drop of 62.5%, the latter represents a drop of only 31.0%. Even attoday’s rate, China ’seconomic growth still passes for rapid growth by international standards. Whereasslowdown is an inevitable result of the change in development stage, numerousopportunities exist to help prevent China ’s deceleration from evolvinginto stagnation or becoming too severe.

　　[1]For instance, due to the wrong choice of explanatory variables and values, Barro(2016) estimated China’s per capita GDP growth rate in 2015 to be 3.5%, which was dwarfed by the real growth rate of 6.9% inthat year. Actually, huge differences can be found in comparing his estimatesof China’s per capita GDP growth for various years and the actual growth rates.

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