Whatever happened to the China “growth miracle”?

The Weekly Briefing from Capital Economics · May 22, 2023 · 24m

The cover story of The Economist magazine this past week has been largely based on our long-held view that China’s economic growth would slow to just 2% by the end of this decade, and wouldn’t surpass the US as the world’s biggest economy.

The Capital Economics report outlining this view was first published five years ago this month, and Mark Williams, one of its co-authors, tells David Wilder why the drags on Chinese growth that were highlighted by the China team back in 2018 have only become more pronounced in the intervening years.

Plus, Group Chief Economist Neil Shearing discusses what’s…