Long-Term Challenges of China’s Economy

Horst Löchel () and Tim Jablonski ()
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Horst Löchel: Frankfurt School of Finance and Management
Tim Jablonski: Frankfurt School of Finance and Management

Chapter Chapter 7 in The Rise of China's Economy, 2025, pp 125-141 from Springer

Abstract: Abstract Even though China’s economic growth rate saw some substantial volatility in recent years, mainly due to the Covid-19 pandemic, it almost steadily declined since 2008 as shown in Chapter 4 . From a purely statistical perspective, this decline can be attributed to the increasing absolute value of China’s GDP. As the GDP increases, the impact of any given change diminishes, naturally reducing the growth rate. For example, 10% growth in 1978 resulted in a GDP expansion of approximately 15 billion USD, whereas the same growth rate in 2022 would require a GDP expansion of approximately 1.7 trillion USD. Thus, the larger the base, the more challenging it becomes to achieve high growth rates.

Date: 2025
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DOI: 10.1007/978-3-031-80150-1_7

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