Head of research in China for Standard Chartered, Stephen Green, agrees. But he’s notably more optimistic about the sluggish economy in China than our analysts…
“We’re definitely in a slowdown, and the data today suggests that we have slowed down considerably this year. I think it’s not too much to worry about. I think the government has really wanted to slow things down from last year when we had inflation problems and that’s what you’re supposed to do when you have inflation… Over the medium term, over the next maybe five, 10 years, the days of double-digit growth are over. 7% to 8% is probably a reasonable expectation for China in the next five to 10 years. It would be good to remember we’re already a very big economy, so 7% to 8% shouldn’t be too bad at all.”
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