The growth of Chinese economy may slow to 2% in the next decade


The annual Capital Economics conference was held in Singapore, during which the issue of slowing growth in China’s economy was discussed. Its participants noted a change in the demographic situation in the country. Among the existing problems, they named corporate debt and household debt, as well as a reduction in labor. According to CNBC, Mark Williams, chief economist for Asia at Capital Economics, believes that China’s GDP growth rate may fall to 2% over the next 10 years. Julian Evans-Pritchard, a senior company economist in China, sees a serious problem in debt risks in the Chinese real estate market, which has arisen due to the frequent borrowing of developers to finance land purchases. He also expects a slowdown in productivity growth in the country, noting China’s relatively high share in the international export market, which requires a search for measures to stimulate domestic growth.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong