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>China's peak is behind us. Peak growth rate yes; total peak no. China failed to emulate Japan, Taiwan and South Korea's rapid acceleration. They will continue
by njdvndsjkvn 4y ago
>China's peak is behind us.
Peak growth rate yes; total peak no. China failed to emulate Japan, Taiwan and South Korea's rapid acceleration. They will continue to grow at a faster rate than already wealthy nations but not at double digit speed and nowhere near the speed of Japan. It took Japan 30 years to go from poor to second largest economy. China "opened" in ~1980 and has failed to come close to that rate in 40 years. And as you say there is a time limit on rapid growth because it slows down as the country ages. China is aging too fast to maintain double digit growth which it has already lost for some years now IIRC.