Lawrence Lau, a prominent economist based in Hong Kong, has provided his prediction for Chinese economic growth for 2023, estimating it to be around 6%, based on various estimates from think tanks, financial institutions, and local governments in China. Lau also believes that China can sustain an average growth rate of around 6% for the next decade and reach parity with U.S. GDP by 2030.
He emphasizes that China's per capita GDP will still be significantly lower than the U.S., and that the Chinese government must continue to develop the economy.
Part 1: China's Economic Growth and Future Under New Leadership | Lawrence Lau
Part 2: China's Declining Birth Rate: its Implications | Lawrence Lau