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China's economy is no longer growing at the pace that it had enjoyed over the past decade and a half. Although its government asserted a year ago that it has achieved a "soft landing" to remain in the 7 to 8 percent range, The Conference Board base case scenario for Chinese growth is a much more cautious estimate at 4 percent growth by 2020. While still significant on a global scale, within China the transition associated with the results of the risks embedded in China's growth model during the last 15 years and the policy precipice on which it now stands spell a time of turmoil to come for business in China over the next four to five years.
The Conference Board experts in China's economy detail what this transition will likely entail, the research and analysis behind their estimate, the possible directions China's leaders could take, and what it all means for MNCs operating in China.