China’s era of rapid economic growth dated from 1979 until about a decade ago. Main drivers were: rapid growth in the working-age population; increased participation; employment; longer working hours; and rapid productivity growth. However, over the past decade all four drivers have slowed. Moreover the first three seem almost certain to continue to detract from overall growth. And the fourth seems unlikely to re-accelerate sufficiently to offset this.
Macro-series-Focus-Chinas-continuing-growth-slowdown-21-October-2021Focus – China’s continuing growth slowdown
- Saul Eslake
