BOFIT Forecast for China 2015–2017 / 1

Abstract

Chinese economic growth slowed to just over 7 % p.a. in 2014. This widely expected slowdown in growth also comports with our view on China’s long-term growth prospects. BOFIT sees GDP growth this year remaining near 7 % and then slowing to around 6 % in 2016 and 2017. China’s decades of sustained high growth are now behind us, and maintaining conditions conducive to growth will become ever more elusive and require deliberate progress in reforms. Risks to the economy will rise with slowing growth.