China's economic growth has slowed in recent years. It had double-digit growth of inflation-adjusted GDP preceding the 2008 financial crisis, then three years in the 7-8% range, now four years between 6% and 7%, with last year its lowest growth since 1990. Why isn't China growing at its old pace? Maturity is a possible explanation.
No fully developed country grows at a double-digit pace, at least not year after year. Poor countries can make dramatic gains in catching up to the developed countries, but then it's hard to make further gains. The early-stage development consists