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China in the 2020s: a more difficult decade?

George Magnus

Author

George Magnus

Economist

The conventional narrative is that China is, or will, by 2030, be the largest economy in the world. Based on commonly held expectations historically about prewar Germany, the USSR and Japan, greater humility would not go amiss. It is not preordained that past economic trends will continue, especially in view of a much compromised outlook for both China and the rest of the world in the 2020s.

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China in the 2020s: a more difficult decade?

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China in the 2020s: a more difficult decade?

About the author: 

George Magnus is Research Associate at the China Centre, Oxford University, and at the School of Oriental and African Studies, London. George was the Chief Economist, and then Senior Economic Adviser at UBS Investment Bank from 1995-2016. He had previously worked as the Chief Economist at SG Warburg (1987-1995), and before that at Laurie Milbank/Chase Securities, Bank of America and Lloyds Bank. His written work and a blog can be found on his website at www.georgemagnus.com. George’s current book, Red Flags: why Xi’s China is in Jeopardy, was published in 2018 by Yale University Press, and then in paperback in August 2019 with newly commissioned material.