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  • Yi Fuxian, Senior Scientist at University of Wisconsin-Madison

    May 27, 2024

    In March, Chinese Premier Li Qiang announced an ambitious economic growth target of 5% for 2024. In a subsequent commentary, former World Bank chief economist Justin Yifu Lin endorsed the government’s target, predicting that China’s economy will grow at an average annual rate of 5-6% over the coming decade before slowing to 3-4% between 2036 and 2050.

  • Zhang Yansheng, Chief Researcher, China Center for International Economic Exchanges

    Mar 25, 2024

    Contrary to recent forecasts by various international organizations, the author believes that China’s economy in 2024 will buck the trend and trace a new curve. Growth will reach upward toward 5 percent and beyond in 2025 as the country shakes off the lingering impact of COVID-19 and returns to an appropriate range.

  • He Weiwen, Senior Fellow, Center for China and Globalization, CCG

    Mar 25, 2024

    The only way to ensure more robust and sustainable growth is creating new patterns and new productive forces. Following the San Francisco Vision, the governments and business communities of both China and the United States should lose no time getting on board.

  • Yu Yongding, Former President, China Society of World Economics

    Feb 17, 2023

    In March 2022, the Chinese government set a target of 5-5.5% GDP growth for the year. At the time, such growth levels appeared perfectly attainable. But within a month, the Omicron variant had arrived, triggering strict lockdowns that, while stemming the spread of the coronavirus, caused serious damage to the supply and demand sides of the economy. China’s growth rate for 2022 was just 3%.

  • Xu Hongcai, Deputy Director, Economic Policy Commission

    Feb 03, 2023

    China will stay on a positive trajectory this year, but its achievements did not come easily. Some fundamentals still need to be addressed, as the foundation underpinning the recovery is not yet rock solid. Boosting incomes would make a difference.

  • Lawrence Lau, Ralph and Claire Landau Professor of Economics, CUHK

    Jan 24, 2023

    2022 was not a good year for the Chinese economy. In 2022, the COVID-19 epidemic, which started in December 2019, caused significant economic disruptions in the second quarter, especially in Shanghai, resulting in a real rate of growth for the Mainland economy of only 3.0% for the year as a whole. This is the second lowest annual rate since economic reform and opening began in 1978.

  • Xu Hongcai, Deputy Director, Economic Policy Commission

    Dec 29, 2022

    Despite a slowing of global economic tailwinds, China is expected to see 4.7 percent growth next year for many reasons, including domestic consumption. Government spending will expand, and private investment will be encouraged. All in all, China will gradually see a return to economic boom times.

  • Dan Steinbock, Founder, Difference Group

    Aug 26, 2022

    In its pursuit for unipolar primacy, the Biden administration is risking the economic stability of China, the West, emerging Asia, and the futures of the Global South.

  • Shang-Jin Wei, Professor, Finance and Economics at Columbia University

    Apr 05, 2022

    In early March, Premier Li Keqiang announced that China is targeting GDP growth of “about 5.5%” this year. That would be ambitious even without Russia’s war against Ukraine and the attendant increases in global energy and food prices. Back in January, for example, the International Monetary Fund forecast that the Chinese economy would grow by only 4.8% in 2022. And in 2019, the last full year before the COVID-19 pandemic, GDP increased by just under 6%.

  • Xu Hongcai, Deputy Director, Economic Policy Commission

    Mar 24, 2022

    Growth of 5.5 percent growth is possible and consistent with the country’s economic expansion in recent years. One key path forward is the digital economy. Green development will help define China’s high-quality economic future.

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