China is likely headed for a lost decade and won’t ‘eat our economic lunch,’ former IMF official says

Xi Jinping after being re-elected as president for a third term on March 10. NOEL CELIS/AFP via Getty Images China’s economy is stumbling and is likely headed for a lost decade similar to Japan’s. That’s according to former IMF official Desmond Lachman, who said China may no longer be the world’s growth driver. But a lost decade also means “we no longer need to worry that China will eat our economic lunch.” China’s economy is likely headed for a so-called lost decade akin to the slump that hit Japan three decades ago, according to a former International Monetary Fund official….