China’s Growth Deceleration: Causes and Future Growth Prospect

Justin Yifu Lin

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Front. Econ. China ›› 2019, Vol. 14 ›› Issue (1) : 26-52. DOI: 10.3868/s060-008-019-0003-1
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China’s Growth Deceleration: Causes and Future Growth Prospect

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Abstract

China’s growth decelerated substantially after 2010. This paper argues that the main cause for the deceleration is external and cyclical, China has a potential growth rate of 8%, the economy has good investment opportunities and resources, and China is likely to achieve a medium-high growth rate of around 6.5% in the coming years. The paper also examines the various structural reforms that can help China to release its growth potential and complete the transition to a well-functioning market economy.

Keywords

China / economic growth deceleration / causes / countermeasures / external factors / cyclical factors / structural reforms / growth potential / well- functioning / market econmy / hig-growth rate / medium-high growth

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Justin Yifu Lin. China’s Growth Deceleration: Causes and Future Growth Prospect. Front. Econ. China, 2019, 14(1): 26‒52 https://doi.org/10.3868/s060-008-019-0003-1

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2019 Higher Education Press
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