China Set for A Decade of Near “Normal” Growth.

Sunday, September 30, 2012 6:29
Posted in category Uncategorized

Chinese Growth Set for Decade of Slowdown

Chinese growth is set to stabilize in the coming months and will slow to 6 percent in the next decade, according to new research from Barclays.

[...] China’s growth potential rate has moderated from 10.4 percent in 2000-2010, to an estimated 8 percent over 2010-2020, and will slow further to 6 percent over 2020-2030, according to the note.

[...] Signs that the Chinese dragon’s fire is cooling come at an already difficult time for the global economy as Europe’s economies have stalled, the U.S. economy is struggling with continuously high unemployment rates, and growth has started to falter in Brazil and India.

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