Steady 6.5% growth rate projected for China for second half

According to AlixPartners Managing Director, Michael McCool, China's "easing" economy isn't all that it appears. "When you look at Western economies, a growth rate of 3 or 4 percent is perceived as extremely strong. So for China, coming down from 15 percent to 6.5 percent looks like quite a jolt and seems to be a downturn, but in fact, the economy is still growing.”