Making Sense of China's Slow Growth Trajectory

Against the backdrop of a slumping economy, the party-run People's Daily newspaper has once again sought answers from an unnamed "authority."

A "person in authority" told the paper in an interview published May 9 that China's economy is on an "L-shaped" trajectory for recovery.

The interviewee's point was that neither a U-shaped nor a V-shaped line would appear on charts tracking the nation's economic growth rate. Instead, the chart would reflect a drastic decline followed by slow yet stable growth.