The Sustainability of China’s Economic Growth in an Era of Global Turbulence

Abstract

This article analyses the sustainability of China’s economic growth in light of global challenges, focusing on macroeconomic changes in recent decades and their impact on the country’s economy. The study covers the period 1962–2022 and uses data from various sources, including the World Bank, International Monetary Fund, Organisation for Economic Cooperation and Development, and national statistical data from the People’s Republic of China. Correlation analysis methods are used to assess the impact of socio-economic indicators on economic growth, revealing significant correlations between gross domestic product and various indicators such as external debt, urbanisation, technological development, and the standard of living. The main conclusion of the analysis is that economic diversification and investment in high-tech industries are crucial for maintaining sustainable growth in China. The findings indicate the need for future research assessing the potential for reducing the environmental impact of industrialisation and improving social policies in a changing global economy.

Keywords

• economic growth
• macroeconomic changes
• global challenges
• turbulence
• sustainability
• correlation analysis
• industrialisation
• diversification
• high-tech industries