The blow from Covid-19 has put Chinese gross domestic product on track to grow just 2% in 2020, based on Bloomberg Economics’ projections — this is strong by global comparison, but the slowest on record since China began reforms in the late 1970s. Looking into the next decade, the confluence of a shrinking labor force, slower capital accumulation and the impact of a partial reversal in globalization that has propelled China’s development will put growth on a lower trajectory — BE projects 5% a year on average in 2020-2029. Looking further ahead, BE forecasts growth to slow to 4.2% and 3.3% in the following two decades, with the growth rate decelerating to 2.9% in 2050.