2022年6月16日
Mark O’Neill
EJ Insight
Will China's GDP growth fall below that of U.S.?
China aims to double the size of its economy and income per capita by 2035 and use its remarkable growth to achieve this. Since 1980, its annual GDP growth has averaged almost 10 per cent a year. It was 8.1 per cent last year.
But this year will its Zero-Covid policy and severe structural problems drive its growth below that of the U.S. for the first time since 1976? The U.S. Conference Board forecasts full-year growth of the U.S. economy at 2.3 percent in 2022 over the year before.
Joerg Wuttke, President of the EU Chamber of Commerce in China, said that the country's GDP growth this year will be lower than four per cent. "We do not know how low. All signs indicate that politicians do not want to solve the problem, but to limit it. I have to assume that Zero-Covid will result in locking down this city and that city on a monthly basis, at least until the (Communist) Party Congress." ...
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