- China’s economic growth may slow in second half
Comments being made in Davos, reported by Bloomberg.
Earlier Bloomberg reported these comments made by same official:
- Sees 7-8% China GDP growth annually in next decade
- China no longer has rural surplus labour
- China statistics underestimate private consumption
- China has huge infrastructure demand
- China commercial banking sector has too much risk
- China govt will issue more debt to resolve bad loans
- He’s not concerned about a currency war (me neither, all this talk of one is a load of old cobblers)
- He’s worried about US fiscal issues (me too)
- He’s not so worried about Europe (me neither)
- Europe working hard to carry out reforms
- Sees only minor changes in China buying US debt
