Huang Yiping is a monetary policy committee member of the People's Bank of China (PBOC), and Peking University professor.

In an interview with the official China Securities Journal (this via Reuters):

  • Says Q4 and early 2017 could bring fresh downward pressure on growth
  • Says freight demand had started to slow
  • Power generation and coal consumption also weakening
  • "In the short term, the pressure can come from the property market"
  • The property market will provide less support to growth than in the past year or so

Yiping adds:

  • Suggests the government should set annual economic growth target at a 6-7 percent range for 2017
  • On the yuan ... he says speculation of depreciation in the yuan would curb expansionary monetary policies
  • "To reverse the depreciation speculation fundamentally, we will continue to work on structural reform and stabilise the expectation for economic growth"