Party set the task: how China will maintain 5% GDP growth

NCC President, RAS Institute of China and Contemporary Asia Director  Kirill Babaev tells* how China can maintain 5% GDP rise and achieve new breakthrough economic growth in his op-ed for  RBC. 

“There are two main factors slowing down the Chinese economic growth: domestic and foreign. The domestic factor is connected to problems on the Chinese real estate market, which emerged amid the pandemic and exacerbated over the past two years. […] The foreign factor is no less significant for slowing the dynamics of China’s GDP. The United States and Europe are actively pursuing policies aimed to reduce China’s economic influence in the world.”

*The material is available by RBC Pro subscription.

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