China | Economics & Growth | FX
Are China’s recent US trade war woes the sole culprit for its slowing GDP growth? In this commentary, George Magnus, a former chief economist at UBS, argues that there are underlying, homemade structural issues at play that appear destructive: the economy is predicted to halve again in five years. Why? Both components of long term growth – productivity and labour force population – are declining, leading trend GDP to slow to 3%…
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