Transition or trend? Financial difference will be crucial issue

Economy | Jiang Xueqing

'Nation needs to be disciplined as it transforms' its growth pattern, economist says

China should be disciplined about GDP growth and not overuse available leverage, which can cause distortions, or revert to old growth patterns, especially post-crisis growth patterns, said Michael Spence, professor of economics at the Stern School of Business at New York University and a Nobel laureate in economics.