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China ready to unleash growth potential - China Daily » Capital News
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Nation set to unleash growth potential
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Aging population in China, why not to be pessimistic over
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China s Economic Engine Is Running Out of Fuel
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MADISON, Wi. - Earlier this month, the ratings agency Moody’s cut its outlook on China’s sovereign credit rating to negative, citing risks from a deepening property crisis and a prolonged growth slowdown. In fact, Moody’s now predicts that annual economic growth will fall to 4 percent in 2024 and 2025, before slowing further, to 3.8 percent, on average, for the rest of the decade. Potential growth will decline to 3.5 percent by 2030. A major driver of this slowdown will be “weaker demographics.”