According to a report co-authored by Yandong Jia, a researcher at the Research Bureau of the People’s Bank of China, alongside Jun Nie, a senior economist at the Kansas City Fed, “analysis indicates that the momentum of Chinese growth is likely to slow in the near term.”
As the world’s second largest economy, China’s GDP has seen a 6.9 YoY increase, according to China’s National Bureau of Statistics (NBS). However, the above report suggests further growth to be considered bleak. “An analysis of its underlying forces suggests this momentum may not be sustainable,” it reads. “In addition, strength in policy-related variables has been waning, creating additional downside risks to near-term growth.”
Finance Monthly, this week spoke to several expert sources on China’s economy and prospected continued growth. Here are Your Thoughts.