Is China’s toxic debt pile the greatest threat the global economy faces? Mike Jakeman, global analyst at the Economist Intelligence Unit, says Yes. The Chinese government has already performed one economic miracle – in the 30 years from 1980, it pulled almost 700m people out of extreme poverty. Now it requires another – to wean its fattened economy off a diet of public investment and onto helpings of household [...]
Following a raft of unimpressive data, can the Chinese economy avoid a hard landing? Craig Botham, emerging markets economist at Schroders, says Yes. Though marking a deceleration and disappointing expectations, the data does not suggest a hard landing is imminent. Rather, it remains commensurate with a soft landing; a gradual deceleration in the growth rate, to be expected after years of enviable growth. The most likely trigger for a hard [...]
