Citi: China to slow to 5-6%

Here’s a quick read for Friday afternoon, or keep it for the weekend.

Citi reckon China GDP growth is to slow to 5 – 6 %:

• A mild growth rebound is likely in 2H, but could be transitory, and we expect further moderation in 2015.

There is a good extract from the report available here: Citi: China to slow to 5-6%, but, in brief:

• At a structural inflection point – International experiences suggest that GDP growth rates are often halved once GDP per capita hits the 10k international dollar mark
• China is right at this inflection point
• We believe China’s GDP growth is likely in the transition phase to a “new normal” of 5-6% in next five or so years as traditional growth drivers such as investment and exports are normalizing