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China growth to slow to 2 per cent over next decade as structural issues take hold, research firm says

2019-03-08 10:55:12       source:South China Morning Post

March 8, 2019

China’s economic growth will slow to 2 per cent in the coming decade, well below the level forecast by major global institutions, according to research from Capital Economics, as the country becomes “another normal emerging economy.”

“Growth has halved over this past 10 years, and our projection is if they continue with this policy set-up [and structural issues], growth will halve again over the next 10 years,” Mark Williams, chief Asia economist for the research firm, said at a conference in Hong Kong this week.

The figure undercuts the forecasts of major international institutions.

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