HSBC’s Paul Bloxham , chief economist for the Australia/NZ region sees the recent downturn in China’s GDP as a blip and expects a strong rebound in Q4, remaining in single digit growth but lifting again into 2013.
“I think in terms of its importance it does look as though it’ s a cyclical slowdown and it makes sense that the Chinese have had a cyclical slowdown.
“They were trying to slow their economy down last year to try to get inflation out of their system and those tight policy settings are still having an impact in slowing growth down and we’ re seeing that happen,” he said.
More.. Xinhua News
