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China Growth May Slow Sharply From 2020: Conference Board
China’s economic growth will slow to about 4 percent annually after 2020 following decades of rapid expansion, according to the Conference Board. China faces a “deep structural slowdown and broad uncertainty” in the decade ahead, the New York-based research group said in the report yesterday. China’s development model, based on state direction of capital and growth-fixated monetary policy, generated “deep seated” risks and imbalances, it said. “The course of China’s growth has always harbored the potential for deceleration at least as rapid as its acceleration,” David Hoffman, vice president of the ... (full story)
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