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China's Economic Growth Rate Is Seen Falling Until at Least 2018

  • Producer price index forecast to stay negative until 2018
  • China needs 6.5% growth to 2020 to meet GDP, income targets
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Is China About to Devalue the Yuan Again?

China’s economy, already in the midst of a half-decade deceleration, won’t arrest its downward trajectory until at least 2018.

Six of 12 economists surveyed by Bloomberg last week say 2018 will be the turnaround year, while five said it will take until 2019 or after for growth to re-accelerate. The outlook underscores the challenge facing President Xi Jinping as he aims for gross domestic product gains averaging at least 6.5 percent per year for the next five years so he can deliver on his goal of doubling 2010 income and GDP levels.