Has China’s Economic Growth Finally Stabilized?
Though China’s financial system is fraught with vulnerabilities, many economists believe that the country has at last entered a new period of stable growth of about 6.5% per year – an assessment echoed by the IMF. Given slowing fixed-asset investment growth, however, they would do well to rein in their expectations.
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BEIJING – For the last decade or so, China’s economy has been on something of a roller coaster ride. As 2018 begins, is the country approaching a new ascent, a steep drop, or something in between?