All is Not Well for China

China's ambition to overtake the US as the world's largest economy faces challenges as confidence wanes. Read More>>>

Delayed Leadership

Bloomberg Economics predicts China's GDP to surpass the US by the mid-2040s, but only marginally, rather than the early 2030s as previously thought.

Economic Slowdown

China's growth is projected to slow significantly, with 3.5% in 2030 and approximately 1% by 2050, down from earlier estimates of 4.3% and 1.6%, respectively.

Ongoing Struggles

A deepening property crisis, fading confidence in Beijing's economic management, and the pandemic's impact have all contributed to China's economic woes.

Sluggish Recovery

Despite hopes for a strong recovery, China's economy has faltered due to falling exports and a worsening real estate market.

Long-Term Concerns

China faces demographic challenges and regulatory crackdowns, further dampening confidence and economic prospects.

US Growth Outlook

On the other hand, Bloomberg Economics forecasts potential US growth at 1.7% in 2022-2023, gradually drifting to 1.5% by 2050.