Monday, February 17, 2014

China Growth: 3% Is Optimistic

I wholly agree with Pettis: growth in China must and will slow. This IS the bull case for China. No slowdown means continued 20% credit growth and investment spending and eventual disaster. Best case is steady deceleration towards 3%, but the risk is significant that there will be an "accident" as that happens. 

The impact of reform on growth

No comments: