IMF sees a moderate slowing in China’s economy. This is expected, indeed welcome, as China moves to a more inclusive, green, and sustainable growth path.
Global markets are understandably interested in developments in China. It is the world’s second largest economy and a critical source of global demand, especially for commodity producers. Continued healthy growth is thus important for both China and the world. Healthy growth, moreover, likely means a gradually slowing economy. Slowing to the fastest sustainable growth rate possible, which we estimate would be around 6 percent on average between now and 2030. In this case, China would continue to boost living standards at home while providing welcome support to the world economy for many years to come.
China had the largest consumption increase in the world in 2011, 2012, and likely was true in 2013.
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Global markets are understandably interested in developments in China. It is the world’s second largest economy and a critical source of global demand, especially for commodity producers. Continued healthy growth is thus important for both China and the world. Healthy growth, moreover, likely means a gradually slowing economy. Slowing to the fastest sustainable growth rate possible, which we estimate would be around 6 percent on average between now and 2030. In this case, China would continue to boost living standards at home while providing welcome support to the world economy for many years to come.
China had the largest consumption increase in the world in 2011, 2012, and likely was true in 2013.
Read more »
