Thank you, Mr. Chairman.
Thank you to our witnesses for coming. We've seen a number of you before. Thank you for coming again.
I have a couple of basic economic questions for you. The one thing that always interests me is that 3% of GDP seems to indicate growth. Three percent is growth and anything under 3% isn't really growth. Can you explain to me why 3% is the magic number? We're still seeing growth at 2.5% or 2.6% or 2.7%.
Some would say that economies that are growing exponentially, like China, at double-digit GDP, are out of control and they can't keep up. Why is 3% such a magic number? Why can't we be satisfied by controlling growth at 2.5%?