China’s GDP growth is now lagging the rest of Asia

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China’s economy is currently facing significant challenges – a property crisis and high youth unemployment are at the forefront. After decades of rapid growth, China is now expected to see its economic expansion slow down compared to other Asian nations.

Projected per-capita GDP growth for China between 2023 – 2026 is just 3.9 percent. In contrast, countries like India and those in Southeast Asia are anticipated to achieve an average growth rate of 6.5 percent over the same period. These economies are set to thrive thanks to youthful populations, a rising middle class, robust foreign and domestic investment and a booming technology sector.