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Oct 23, 2014
Oct 23, 2014
Oct 23, 2014
Oct 23, 2014
Oct 23, 2014
Oct 23, 2014
via Global Markets Forum Dashboard

China economic reforms may result in $14.4 trillion GDP, growth at 6 percent – Asia Society report

Sweeping economic reform initiated by China President Xi Jinping in November 2013 marked a turning point for the world’s second biggest economy. If implemented fully, China’s potential GDP growth can be sustained at 6 percent through 2020. One risk: Falling short of that growth rate could result in growth at half that projection, or worse, leading to a new economic crisis, according to a new study.

Dan Rosen, founding partner, Rhodium Group

Dan Rosen, author of a report for the Asia Society Policy Institute, argues that China’s growth model is no longer working. The drivers that contributed to China’s post-1978 growth are weakening, with existing investments showing diminished returns and overall total-factor productivity, or TFP, falling. TFP is an economic term that broadly measures efficiency using input factors such as labor and capital. ”Demographic dividends propelled China through the 1980s, 1990s, and 2000s, but the labor force is now at its largest and is poised to shrink,” he writes.

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    • About Walden

      "Walden Siew is a top news editor based in New York. He joined Reuters in August 2006 to cover credit markets and was a 2008 Gerald Loeb and National Journalism awards nominee for his reports on the global credit crisis. He is a board member of the Society of American Business Editors & Writers and member of the Asian American Journalists Association."
      Awards:
      Detroit Press Club Foundation, GM's Decline, 2006
      SABEW, Best in Business, Refco's Ruin, 2006
      Deadline Club, SPJ, Refco, 2006
      Virginia Press Assoc, Capitol Hill Shootings, 1998
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