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China’s growth leaders and laggards are worlds apart

China Focus

China’s growth leaders and laggards are worlds apart

Michelle Zhu Published on Thu, May 11, 2017 / 4:15 PM GMT+8

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SINGAPORE (May 11): When it comes to assessing the second largest economy in the world at current prices, simply referring to China as a whole does not do justice to the diversity of its 31 provinces and municipalities, says Alessandro Theiss, a senior economist at Oxford Economics.

While the gradual deceleration of gross domestic product (GDP) growth in China since 2010 has captured the attention of most, Theiss believes it has masked some significant regional divergences which will continue to persist, albeit not to the same degree as over the past five years.