For the past decades China has managed to create the highest economic growth of all nations with a population over 100 million.
But China has found a competitor in the race for economic growth: India. And chances are the economy of India will grow more rapidly this year than the Chinese economy.
After decades of abundant growth, the growth of Chinese economy is now likely to get into a position of steady decline. That would be a likely and natural scenario, since all established economies that have grown abundantly for decades, eventually grow in a slower pace.
If that doesn’t happen and the Chinese economy will persist in growing over 7% per year, China faces the risk of economic collapse. My prediction for 2018 is that the economy of China will grow by 6%.
Do you agree with this? Please give your opinion in the comments!