The Jakarta Post
Regional update: The Jakarta Post Digital CEO Judistira Wanandi (third left) shares a light moment with participants of the seminar “Global Challenges and Regional Solutions: Engaging Stakeholders” organized by The Jakarta Post and the Pacific Economic Cooperation Council (PECC) in Jakarta on Monday.(JP/Wienda Parwitasari)China, an expert claims, is likely to record annual growth of 7 percent for the next 10 to 20 years despite suffering an ongoing cyclical slowdown and it taking a while for the world’s second-largest economy to bounce back.
The rather optimistic forecast was aired by Fan Gang, director of the China Reform Foundation National Economic Research Institute, who has gone against the consensus view that the slowdown is likely to worsen in the future.
Fan was adamant that the current growth could be sustained for the next 10 to 20 years despite China having...