If the Chinese economy is maturing, who will take over to drive global growth?
The Chinese economy is maturing, in the sense that it is skewing markedly towards services and the contraction in domestic industrial demand is leading to a contraction in imports. Accordingly, the Chinese economy can no longer drive global growth. Which countries can then take over from China to drive the global economy? This must be a country: Where there are no obstacles to growth (education, sufficient infrastructure); Where the catching-up potential for per capita productivity is significant; That is large enough. Potential candidates for this role of driving force of the global economy after China are India, Africa, Asian emerging countries other than India and China. The only region that meets the criteria to replace China as the driving force of the global economy is Asian emerging countries other than China and India.