Still, by  2  Lardy (2012) and the World Bank (2012) emphasise further reforms of banking and financial markets more generally, hukou reform and liberalisation of energy prices. BIS central bankers’ speeches  3  any reasonable estimate, China remains a long way from the productive frontier.
So there is considerable scope for it to continue to catch up with the advanced economies.3 A range of estimates for potential output growth have been constructed based on predictions of these three elements of production.