China’s Untapped Growth Potential
China’s economic slowdown, from a nearly 10% annual output gain in 2007 to below 8% today, has fueled widespread speculation about the country's growth potential. While it is impossible to predict China’s growth trajectory, the large gap between China and advanced economies suggests significant room for continued convergence.
SHANGHAI – China’s economic slowdown, from a nearly 10% annual output gain in 2007 to below 8% today, has fueled widespread speculation about the economy’s growth potential. While it is impossible to predict China’s future growth trajectory, understanding the economy’s underlying trends is the best way to derive a meaningful estimate.