FINANCIAL TIMES: China is on track for a fourth consecutive decade of rapid growth and will overtake the US as the world’s biggest economy in 2016 after accounting for price differences, according to a new report by the OECD.
Having slouched to 7.8 per cent growth last year, its slowest in more than a decade, China’s economy will rebound to 8.5 per cent growth this year and 8.9 per cent next, the OECD said.
It forecast that China would average 8 per cent growth in per capita terms during the current decade, provided Beijing can implement a series of economic, financial and regulatory reforms, many of which are already in train… (more)
