Politics of rebalancing

Can China’s Long-Term Growth Rate Exceed 2–3 Percent?

8
April 06, 2023

Beijing’s economic policymakers largely accept that China must rebalance its economy so that growth is driven more by domestic consumption and less by investment. But once China begins to take seriously the need to rebalance its economy, China’s annual GDP growth is unlikely to exceed 2–3 percent for many years, unless there is a substantial increase in the growth rate of consumption.

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