ABSTRACT
In terms of methodology, some of the researchers focus on the demand side, paying little attention to whether China has sufficient supply capacity to meet and maintain such demands. Others look at the supply-side issues, adopting either a simple comparison approach or a growth accounting approach. The simple comparison method compares China with the experience of other countries to predict its economic growth. The growth accounting method emphasizes the individuality of different countries and bases the forecast of China's economic growth on its total factor productivity, capital, and labour growth. Its underlying logic and methodology is highly controversial. There is another method that considers both the demand and supply side simultaneously. It forecasts China's economic growth by calibrating parameters within the Computable General Equilibrium model to suit China's situation. Therefore, China's potential economic growth rate for the 20 years after 2008 should also be around 8%.
