The Conference Board forecasts that China’s annual growth will slow to an average of 5.5% between 2015 and 2019, compared with last year’s 7.7%. It will downshift further to an average of 3.9% between 2020 and 2025, according to the report. And... The report says that China could ease the slowdown by reducing the role of the state and revamping credit markets so lending is done on the basis of commercial decisions rather than political ones. But the Conference Board is skeptical that China will make fundamental changes soon because they could slow short-term growth and cause political pain.
Posted on: Mon, 20 Oct 2014 16:07:28 +0000