Commentary: Philippine economy set to outpace China's


Emmanuel J. Lopez


The Philippine Star


 June 24, 2016


Economic authorities agree as of late on the inevitability of a slowdown in the economic activity of China. The prospect was seen from a decrease in the GDP growth rate from a double digit in earlier years to a single-digit growth the past couple of years. Recent reports stated that China had 6.8-percent GDP growth fueled by debt-driven investment spending. From 2011 to 2015, China has incurred an average of almost 7.9-percent GDP growth rate. This type of growth may be seen as a short-term relief to cushion the impact of a slowdown but the long-term repercussion may not entirely be a good prospect for the local Chinese economy not to include accelerated debt obligations.