China Center Chart of the Week: China Outlook -- Why we expect slower growth in 2014
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This chart shows the breakdown of contributions to China’s GDP growth from the expenditure side, including for The Conference Board estimate of 2013 growth and our 2014 GDP forecast of 7 percent. Our outlook for gradually slower growth in 2014 agrees with our analysis that the current slowdown is part of an ongoing, structural transition of China’s economy. Furthermore, the projection for 2014 is based on several expectations and assumptions around how policy and growth patterns will play out next year. Challenges ahead for the Chinese economy include financial instability, the deterioration of bank assets, and strong upward price pressures.