21 Oct 2021
Megatrends: Which China will we get
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
China is forecast to surpass the United States of America in economic size by 2050.
However if China decides not to reform domestically (continue with draconian communist economic policy) then it is more likely that the Chinese economy will suffer long term economic stagnation as growth falls below 2% per annum.
This would be bad because a slowing China will also have a negative economic impact on Australia.
Click for research.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.