ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

China faces 1% growth in 2030s if reform lags: World Bank

Joint report with State Council says Beijing's old economic formula needs an overhaul

Chinese President Xi Jinping at opening of the National People's Congress in March. Xi has stressed the role of state-owned enterprises in the Chinese economy.   © Reuters

BEIJING -- China's economic growth rate could drop to 1.7% by the 2030s without reforms to address the country's misallocation of resources, warns a report released Tuesday by the World Bank and a government think tank.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more