China’s position in the global markets as a source of cheap labor has evolved into a dynamic new phase, that requires new solutions to bridge China’s past with its promising future.

A great deal of interest is focussed on the level of Chinese real GDP in 2020. The Chinese GDP in 2020 depends crucially on two developments—the speed of the economic recovery from the COVID-19 epidemic and the availability of additional economic stimulus.

China’s GDP growth may still be strong by global standards, but the annualized rate of 6% in the third quarter of 2019 is the lowest the country has recorded since 1992. In fact, China’s GDP growth has been slowing steadily since the first quarter of 2010, when it exceeded 12%, year on year. This downward trend is riskier than many observers seem to realize.

If current negative global trends continue, China is likely to step up efforts to keep growth above the line. It will continue to serve as the largest contributor to global output in any event.

Gross domestic product growth weakened to lowest since 1990s. Factory output, retail sales beat expectations in June.

While the trade war clearly hurts China more than the US, in both absolute and relative terms, data and historical experience show that these losses are manageable for the Chinese economy.

Beijing statisticians ‘do not have capacity’ to correct inflated local figures

Unless we achieve a set of commonly agreed upon indicators to measure sustainability or what is high quality, and be able to compare the performance of cities and provinces based upon it, the chance to successfully implement any sustainable policy vision and hold policymakers accountable is grim.

China’s economy grew 6.8 percent in the fourth quarter of 2017 from a year earlier, official data showed on Thursday, above expectations and unchanged from the previous quarter’s growth.

The bright side of 2018 is the continuation of Chinese innovation-led new economy. We will see it lead Chinese economic structural change further to new heights.