Shanghai Securities News (article by a researcher):
- China faces risk of falling short of 7% growth level
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Bloomberg headline
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ADDED – More detail:
Li Ruoyu, researcher with State Information Center:
- Said Chinese growth may fall below 7%
- If it does, it could lead to massive unemployment
- She said the “resonance” of retiring overcapacity, economic deleveraging and curbing property bubbles will be key triggers and said a worst-case scenario is that urban fixed-asset investment growth falls 8 % from last year’s 19.6% and GDP may fall to 6.4% to 6.7%.
- The government should unveil measures in a timely manner to prevent the economy from slowing below the lower 7% limit
