Great news, truly the death of capitalism and neoliberalism in particular is imminent, I dont know what will happen to me or others stuck in the belly of this dying monster but at least I can be glad that it is in fact, dying.
Can recent growth rates persist? China's GDP has been running hot for decades now. Seems like they need to level off at some point.
Geopolitical Economy Report did two long video discussions on China's growth last month which are worth watching if you're interested.
In short, yes. China can keep up about a 5% average annual growth rate. Because capital is controlled by the state, and the state invests in developing the means of production and improving people's quality of life, China is indeed capable of achieving their development goals.
Interestingly enough, just as the decade or so of near ten percent annual growth was planned and achieved, the recent deceleration to about five percent growth was also planned.
Interesting, which videos are these?
I found YouTube links in your comment. Here are links to the same videos on alternative frontends that protect your privacy:
Link 1:
Link 2:
In the long-run, it's impossible as the current high growth rates come from technological and infrastructural catchup.
It'll be possible for roughly about a decade more as China's still developing. Obviously subject to material conditions.
Here's hoping that it doubles it, and then some- and that the rest of the global south and east follows its course as well. It's about time that actual production, actual civilizations, societies with actual human decency returned to the forefront of the world again, and imperialists who have never evolved their societies past pillaging and genocide have no place there. The west will have to undergo revolutionary change, or be left in the dustbin of history as they deserve.