bearish

China Economics: “Japanification” in China and the New Low Growth Equilibrium

Manu has highlighted this Insight as a Top Pick
485 Views13 Feb 2024 10:00
SUMMARY
  • After decades of being described as an “economic miracle”, powerful structural drags are threatening to throw China down a medium-run equilibrium of low growth.
  • The economy will have to rely on weaker fundamentals in terms of demography, productivity and economic structure to carry it forward to the next stage of growth.
  • Together with a more hostile global environment, China and the world will need to get used to structurally lower growth rates unless deep-seated reforms are completed.
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