China May be OK with Slower Growth

China indicated that it would seek a higher "quality and efficiency" of growth next year, signaling new leaders may accept a reduced growth rate in exchange for sustainability, according to a recent article on Bloomberg.

The remarks are particularly important given that China's leaders are handing over power in March 2013 to a new set of leaders. With growing economic turmoil in many areas, the country is devoting itself to a new era of structural change and reform.