Wednesday 06 Oct 2021 | 23:31 | SYDNEY
Wednesday 06 Oct 2021 | 23:31 | SYDNEY

Tuesday linkage


Sam Roggeveen


20 March 2012 10:24

China will have cycles like other economies, but it seems likely that the Chinese economy will grow pretty strongly on average for a while yet. It will be a very large economy. Even at the new growth target of 7½ per cent, a lower target than in the past five years (all of which were, of course, exceeded), Chinese GDP will equal that of the United States, in Purchasing Power Parity terms, in about a decade. It will exceed that of the euro area within the next few years.