Growth in China: The road ahead
9 months, 2 weeks ago

Growth in China: The road ahead

China Daily  

Li Min/China Daily China's economic development has been remarkable. Over the past 25 years, China's real GDP grew by more than 8 percent a year, living standards rose dramatically, and extreme poverty was eradicated. China's success in achieving strong and sustainable growth is thus good for China and good for the global economy. China, like much of the rest of the world, experienced a significant drop in total factor productivity following the global financial crisis — though China's decline was sharper. Our research shows that a 1 percentage point increase in China's growth boosts GDP by 0.3 percentage point on average in other economies over the medium term.

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