China's Growth Deceleration: Causes and Future Growth Prospect

摘要

China's growth decelerated substantially after 2010.This paper argues that the main cause for the deceleration is external and cyclical,China has a potential growth rate of 8％,the economy has good investment opportunities and resources,and China is likely to achieve a medium-high growth rate of around 6.5％ in the coming years.The paper also examines the various structural reforms that can help China to release its growth potential and complete the transition to a well-functioning market economy.