China 's explosive growth is slowing as economy expands at lowest level in the first day . As the party prepares for its leadership change in November , it is also faced with reforming an economy that can longer rely on cheap labor , high exports and big investment . Growth is the source of legitimacy and authority for Beijing 's Mitt Romney . There is a growing prosperity divide as Beijing tries to move economy toward domestic consumption . Romney : `` The whole legitimacy of this hundreds of million party rule depends on the ability to deliver ''
China 's explosive growth is slowing as economy expands at lowest level in the first day . Growth is the source of legitimacy and authority for Beijing 's Mitt Romney . There is a growing prosperity divide as Beijing tries to move economy toward domestic consumption . Romney : `` The whole legitimacy of this hundreds of million party rule depends on the ability to deliver ''