China’s expansion: best and worst case scenarios

A newly released report by the World Bank and the Development Research Center (DRC), a prominent think tank in China, warned that by 2025 China’s economic growth rate would decline to an annual average of 5 per cent — a sharp fall from the 10 per cent average of the last 30 years. In a widely cited article published in 2011, Liu Shijin, the DRC’s deputy director, also predicted that the average growth rate would fall to 6.7 per cent for the period of China’s Thirteenth Five-Year Plan (2016–2020).