Economy – Growth is unsustainable – Wu Jinglian

 

In the margin of a conference on finance, CEIBS-professor and economist Wu Jinglian warned that the current growth rate of China’s economy is unsustainable because of the lack of efficiency. “We use per dollar GDP much more energy than any other country,” Wu said.

China has embarked into a massive urbanization drive, that should bring 200 million of its farmers into existing or new cities. According to Wu that will be impossible, unless the country learns how to use its resources in a more efficient way.