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China Economy Can Grow 6-8% Per Year to 2030: Journal

CHINA PRESS

China can maintain 6%-8% yearly growth until 2030 while contributing around a third of global growth through pursuing the dual circulation model, the Securities Journal reported on Thursday citing Lin Yifu, an economist and a former senior vice president of the World Bank. The service sector will increasingly support China's economy as the role of exports wanes, Lin told the Journal. China's advantage in traditional industries, advancement in AI, cloud computing, and 5G, and its large market will help expand its world leadership, Lin told the Journal.

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