Urbanization has been China’s push for a decade. However, the factor sector in China grew at a slower pace in November than usual. Export orders were shrinking, which could greatly affect the Chinese economy by causing it to slow overall.
This is still an optimistic view for the economy because they Purchasing Managers’ Index remained above the 50 point line, meaning that the government believes they reached a more stable growth after affecting many changes.
Now that the economy is stable, the government wants to focus on reforms. However, reforms can cause a lot of instability, but the Chinese government believes that China is ready for this. Beijing reported that a slower growth rate is acceptable because they are trying to make social and economic changes that would show benefits to their economy later on.