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China forecast to hit 8% growth by 2035

China's economic growth potential continues to garner attention from economists and analysts, with Justin Lin Yifu, the former chief economist of the World Bank, predicting that the country could achieve 8% annual economic growth by 2035. Lin cited China's huge population and market as significant advantages that could fuel the growth. He also believes that the country's actual GDP growth could surpass 6% this year, compared to the official target of around 5%. Lin noted that China's financial sector problems have gradually dissipated, and the country should focus on maintaining a medium to high level of economic growth while solving any problems that arise through continuous reforms. Meanwhile, the China Index Academy expects the country's property market to remain stable in the second quarter with more supportive policies and a further improvement in the macro economy.


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