China's economy may never overtake the US as Beijing sets more cautious growth target, Rockefeller International chairman says

• China's economy may not ever outpace the US, according to Rockefeller International's Ruchir Sharma.
• China on Sunday set a growth target of roughly 5% for 2023, but didn't imply a great deal of fiscal stimulus. 
• Sharma estimates that China's growth for the next decade could hover around 2.5%. 

China's economy is facing headwinds that will keep growth low, and according to Rockefeller International Chairman, Ruchir Sharma, it may never surpass the US economy.

In an interview with CNBC, Sharma, who is also the chief investment officer of Breakout Capital, said China's breakneck pace of growth these last four decades is hitting a wall, and leadership in Beijing are coming up on a reality check.