- China’s growth potential could slow to 4.5% by 2030, according to analysts.
- Officials have shifted to stimulus programs, including tax cuts and infrastructure incentives, in an effort to curb the decline.
- But that could become increasingly difficult against a backdrop of debt and in wake of the trade war with the US, which has demanded structural reforms to the Chinese economy.
China’s economy is growing at its slowest pace in nearly three decades, and some economists say the worst is yet to come.
Growth potential in China is expected to slow to 5.5% from the current level of 6.5% between 2021 and 2025, according to new estimates from analysts at JPMorgan. That could fall to 4.5% by 2030, a pace that would make it difficult to surpass the US as the largest economy.