Source: China – South China Morning PostChina’s economy will “never enjoy a meaningful lead” over the United States and will remain far less prosperous and productive per person even by the mid-century point, though it will still become the world’s largest economy, according to a new report.The Sydney-based think tank Lowy Institute predicts that China’s economic growth will slow sharply to roughly 3 per cent a year by 2030, and will average 2 to 3 per cent per year on average from now until 2050.“Substantial long-term growth…Read More