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Bookmark or Share- Where is China’s economy headed? | World Economic ForumChina has set ambitious goals for economic growth. Experts maintain that new avenues of growth and high-quality growth will be critical for the Chinese economy. Economic growth in China was a major topic of discussion at the Annual Meeting of the New Champions 2024.
- New frontiers of Asian growth - The World Economic ForumChina also continues to be an Asian growth story. In May, the IMF upgraded its forecast for China’s economic growth by 0.4 percentage points to 5% for 2024. Even if growth slows to 3%, China’s 2030 GDP will still be around $5 trillion more than in 2022.
- A brief history of China’s economic growth | World Economic ForumWhile the average growth rate of real GDP between 1978-2012 has been an impressive 9.4%, that figure could decline to between 7-8% between 2012-2024 in the authors’ base case. This is significantly higher than most commentators believe is likely given clear signs of a slowing economy in China’s recent economic data. Here are their projections:
- 3 reasons to take the long view on China | World Economic ForumChina's 2023 growth forecast has improved, bucking recent scepticism about the country's prospects. Its economy will be driven by the key areas of innovation, green tech and capital markets. Shrewd policy is shaping this economic growth and consolidating China's status as global powerhouse.
- China's economic growth story recapped | World Economic ForumChina’s economic evolution is frequently and casually referred to as a “miracle.” Around 1953, when it first adopted the Soviet-style five-year plans that still provide its economy’s basic rhythm, an estimated 88% of the country’s population was living in poverty.
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