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A Northeastern coastal province, Liaoning accounted for over 4% of China's total GDP in 2012. The current overcapacity issues in steel and related industry sectors pose a downside risk to Liaoning's GDP growth in the short term as it is China's first heavy industry base. Over the longer term, as a relatively mature provincial economy, Liaoning has limited growth potential compared with other regions. Overall, its economy is expected to grow at a CAGR of 6.3% between now and 2035.
What's included?
This report includes 2 file(s)
Liaoning long-term economic outlook Q1 2014 PDF - 285.50 KB 3 Pages, 1 Tables, 4 Figures
China Provincial GDP Population Urbanisation Mar 2014.xls XLS - 659.00 KB
Description
This Economic Outlook presents our macroeconomic outlook to 2035 at the country level.
Specifically we assess the structure of the economy and present the GDP and industrial production outlook.
The long-term outlook is underpinned by a set of GDP models which take account of long-term structural drivers of GDP including demographics, investment and productivity growth.
Finally, we highlight the key risks facing our outlook, both upside and downside.
Wood Mackenzie's macroeconomic forecasts underpin all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Commodity market report | Jun 2014
Liaoning long-term economic outlook Q1 2014
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