Hebei is an Eastern province surrounding the municipalities of Beijing and Tianjin. The economic integration plan of the three provinces recently announced by the central government will bring some positive news for Hebei's future development. However, Hebei's long-term economic growth will still be constrained by its relatively low skilled labour. Overall, we forecast its economy to grow at a CAGR of 5.8% between 2016 and 2035.
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