Domestic structural change is necessary if the People's Republic of China is to sustain economic growth of as high as 8% a year over the next 10 years.

Research published in an Asian Development Bank Institute book, Slowdown in the People’s Republic of China, Structural Factors and the Implications for Asia, found the worldwide trade slowdown that followed the global financial crisis in 2008 is mostly to blame for the recent decline in China’s growth rate.

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Read the book

https://www.adb.org/publications/slowdown-prc-structural-factors-and-implications-asia

About the book editors

Peter Morgan is co-chair of the Research Department at the Asian Development Bank Institute.

Justin Yi-fu Lin is director of the Center for New Structural Economics, Peking University, China.

Guanghua Wan is director of the Institute of World Economy, Fudan University, China.

Know more about ADBI’s work on PRC

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