Felipe, Jesus; Lanzafame, Matteo; Zhuang, Juzhong - Economics and Research Department, Asian Development Bank - 2014
We estimate the People’s Republic of China’s (PRC’s potential growth rate in 2012 at 8.7% and at 9.2% for the average … of 2008–2012, about the same as the average actual growth rate for this period. This rate is the natural growth rate …, that is, the rate consistent with a constant unemployment rate and stable inflation. The PRC’s natural growth rate displays …