No One Can Stop China’s Growth Recovery — Except China

Beijing has the means at its disposal to keep the economy growing by 5%-6% for years to come, as long as it acts fast and implements the right policies, the FT’s Martin Wolf says

The problems facing China’s economy, including insufficient demand, weak investor confidence, and the bursting of the real estate bubble, are all “fixable,” Martin Wolf, chief economics commentator at the Financial Times, said in a recent interview with Caixin.

“It would be quite easy for China to continue to grow at 5% to 6% a year for another 20 years, but it won’t happen if things don’t get done,” he said. A slowdown would be “a result of policy errors” and not because “China must grow slowly.”

In February, the Oxford-educated commentator visited China, where he met with economists, market participants and people close to policymakers. In lectures to think tanks in Beijing, he discussed the global economy and China’s role in it, among other topics.