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Economy

China growth to fall below 3% by 2030, ASEAN-4 to hold steady -- JCER

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Employees work on a production line at a SAIC-GM-Wuling factory in the southern Chinese city of Liuzhou.   © Reuters

TOKYO -- China's growth will continue to slow in the years through 2030, while the "ASEAN-4" nations of Malaysia, Thailand, the Philippines and Indonesia, the four key Association of Southeast Asian Nations members, will collectively hold relatively steady, according to the Japan Center for Economic Research's latest midterm economic forecasts.

JCER projects that China's real economic growth will fall from 6.9% in 2015 to 4.4% in 2020 and to 2.8% in 2030. For the ASEAN-4, average gross domestic product growth is expected to remain almost flat from 2015's 4.6%, inching up to 4.7% in 2020 and slipping to 4.5% in 2030.

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