China’s days of picking a number for GDP growth and moulding the economy to fit are probably over. At the same time, its planners still seem wedded to symbolic

Derek Scissors critiques the methods to measure the wealth of a nation, in particular the GDP PPP metric which led to World Bank and IMF projections of China’s economy surpassing the American economy next year.

News that China’s GDP grew at 7.3% in the third quarter, its slowest rate since early 2009, is stirring renewed fears about the health of the world’s second

Following three decades of reform and opening up, Zhang Monan examines China’s changing economy and presents four new characteristics that are shaping its perception.

Qi Jingmei reports that China’s economy is expected to continue grow in the second half of the year, possibility reaching the full year GDP target of 7.5%. Jingmei remarks on the “favorable factors” of economic growth- citing global economic recovery and central government policies, as two ways to stabilize and promote Chinese economy.

In the wake of the news that China’s economy grew 7.5% in Q2, Gordon Chang throws up the warning flags and argues that there exists a very real threat of a “Minsky moment” for China. Additionally, Chang states that the Chinese economy will more than likely continue to expand in the future, but this is not a positive sign.

In light of recent statistics regarding China’s economic growth, Zhang Monan discusses the “new normality” of Chinese economic growth. In addition to this, Monan discusses the weakening of the driving forces of net exports and its effect on economic growth in China. Moreover, Zhang Monan asserts that Chinese domestic investment is undergoing rebalancing due to a change in consumer demand.

Following World Bank projections that China will become the largest global economy based on purchasing power parity, William Yu contends that better economic ranking indicators exist, like market exchange rate. Using this measurement, where U.S. GDP was calculated at $17 trillion compared to China’s $9.1 trillion, China’s economy is expected to surpass the U.S.’s sometime in the next two decades.

Recent reports on China’s GDP are based on an overestimation of China’s purchasing power parity due to different calculation methods, writes Niu Li. While China’s aggregate economy is very large, it must continue to build up its service industry and increase domestic demand rather than solely focusing on the quantity of economic growth.

Despite predictions that the Chinese economy will overtake the US in 2014, China will still remain world No.2 for years, writes He Weiwen.