Chen Yulu is a Peoples Bank of China academic advisor and he says that it’s going to be no problem for China to hit 7.5% growth for 2014.
Speaking in an interview with Bloomberg in Beijing he says the economy and property market are both stabilising, although 3rd and 4th tier cities are in a slightly worse situation.
He adds that while PBOC policy adjustment is one facet an increase in investment and consumption demand is also important. Relending seems to be a more important tool for the central bank.
Go China!
