Angel Gurria, secretary-general of the OECD, said in an interview in Singapore that China’s economy remains on course for sustained growth at the pace projected by the government, even as it shows occasional flashes of weakness and instability.

  • “We can still count on China for some time to continue to produce quite solid growth”
  • “I don’t see why people talk about a hard landing in China”
  • “They will have their bubbles, they will have their booms, they will have their credit crunches – because they were a planned economy and now are a bit more exposed to markets. But that is desirable. They can work it out”

More at the Wall Street Journal (should be ungated): China Will Meet Government’s Growth Target, OECD Head Says