By Paul Pannone
After decades of double-digit growth China is turning to a more sustainable trek guided by quality development and better public perception.
China’s fixed-asset investment growth of 19.6 percent in 2013 was the smallest increase in 10 years , missing forecasts for a 19.8 percent increase. But to sustain growth Chinese reforms towards improving quality standards to meet consumer expectations and shed the bad reputation caused by years of bad publicity about quality standards are key issues Chinese leaders will be addressing.
Slowing numbers due to decreasing consumption of goods have also been a result for Chinese growth over the past few years. According to sources familiar with the story steps are being taken to improve, taking advantage of the slowdown. but sources say they want to be ready to ramp up quickly, as the world economy improves beginning in 2014.
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