Business / Future / Research / Trends

Barriers to China’s growth

China’s economy seems to be going gangbusters. “Forecasts suggest it could overtake the USA, Japan and Germany to become the world’s largest economy as early as 2035,” according to Global Futures & Forecast (GFF) and Fast Future. But GFF’s survey of international business leaders and futurists finds that there nevertheless are some short-term barriers to the China juggernaut:

Barriers to China’s growth
Bureaucracy (cited by 41% of respondents)
Corruption (32%)
Energy shortages (22%)
Lack of experienced managers (18%)
Protectionist behavior in export markets (18%)
Slow market reforms (18%)
Social unrest (18%)
———————
Base: 700 respondents from 60 countries
Source: “The Future of China’s Economy: The Path to 2020,” by Rohit Talwar, Global Futures & Foresight (GFF) and Fast Future; cited in The Futurist magazine (July-August 2007, World Future Society)

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