Our Privacy Statement & Cookie Policy

By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser.

I agree

China not growing as fast as 20 years ago? Economists call it natural shift from speed to quality


Is China's economy slowing down? The National Bureau of Statistics announced that China's GDP growth rate in the first three quarters of 2023 was 5.2 percent. It's a bit low compared with China's average annual GDP growth rate over the past 40 years, which was 9.5 percent. Although China's economic growth is no longer that red-hot compared to itself in the past, economists say it is a natural shift after the urbanization ratio closes in to saturation and large-scale real estate development starts to cool. In the view of the economists, the future economy may no longer mainly rely on the population growth or the real estate, but the green sector and artificial intelligence technology. Reporter Liu Jiaxin has more.

Search Trends