Dr Karen Jackson, Reader in Economics at the University of Westminster, spoke to the Daily Telegraph about the factors that may affect China’s economic growth in the coming years.
Over the past few decades, the article explains, China’s economy has enjoyed unprecedented and sustained economic growth. Even after the pandemic began, China’s economy still grew 8% in 2021.
However, the article notes that a combination of reasons means this growth may not be as rapid and sustained as in the first part of this century. These include a shrinking population, Covid lockdowns continuing to affect trade and widespread debt-funded investment in the building and property sectors.
The Chinese technology sector, long regarded as a world leader, is also suffering due to strict regulation from the Chinese government, whilst the American government is increasingly reducing Chinese access to American technology, the article argues.
Commenting on this, Dr Karen Jackson said: “There are conflicts, there are tensions and those are not going to be swift to resolve.”
Read the article on the Daily Telegraph’s website, which requires a subscription to read the article in full.
The article is also available to read on Yahoo! Finance’s website.
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