Asked by: Darell Grushevenko
business and finance financial reform

Will China's economy continue to grow?

Last Updated: 6th February, 2020

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China needs to grow by around six percent, or a notch lower, for the Communist Party to meet its much-publicized goal of doubling GDP from 2010 levels by the end of 2020.

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Keeping this in consideration, can China maintain economic growth?

As China's economy has matured, its real GDP growth has slowed significantly, from 14.2% in 2007 to 6.6% in 2018, and that growth is projected by the International Monetary Fund (IMF) to fall to 5.5% by 2024.

Beside above, what causes China Economic Growth? Factors Explaining the Rapid Economic Growth of China In Recent Decades

  • Labour supply.
  • Wages and unemployment.
  • Female participation in the workforce.
  • Political system.
  • Strong leadership.
  • Free market economics.
  • Export-led growth.
  • Special Economic Zones and FDI.

Furthermore, what is the future of China economy?

GDP growth (annual %) And while real GDP is slowing, from 14.2% growth in 2007 to an IMF-estimated 5.5% growth in by 2024, even slow numbers by China's standards are breakneck by the rest of the world's.

Does China have a good economy?

According to the IMF, on a per capita income basis, China ranked 73rd by GDP (PPP) per capita in 2019. China is the world's largest manufacturing economy and exporter of goods. It is also the world's fastest-growing consumer market and second-largest importer of goods. China is a net importer of services products.

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