Increasing expectations may hurt Chinese economy

China has accounted for one quarter or more of global economic growth for more than a decade. The question is whether this impressive performance would continue with its economy currently enduring a rough patch.

Cassandras pointing to the likelihood of a downturn in China's development constantly invokes the spectre of a middle-income trap. Now that China is no longer poor, they warn, the rates of growth will fall just as they ha....