China’s GDP Growth Rate Next Decade Won’t Be Higher Than 5 Percent: Economist

Structural problems will cause China to follow in the steps of other slowing East Asian economies, says Gao Shanwen in promptly deleted speech

A man walks on the bund in front of the financial district of Pudong in Shanghai, China, on March 9, 2016. Aly Song/Reuters

In a two-hour speech, a prominent Chinese economist has offered a less-than-ideal assessment of the country’s economic prospects from 2020 to 2030.

Delivering his remarks at a Nov. 28 meeting of Essence Securities held to discuss strategies for 2020, Gao Shanwen compared China’s economic situation with the past development of Japan, South Korea, and Taiwan.