Friday, November 14, 2014
ANBOUND:The Pressure of China's Economic Downturn Will Last into Next Year
ANBOUND
October's economic data released by the State Statistics Bureau indicated that, China’s economy would face continuous downward pressure. ANBOUND think tank scholars state that the slowdown in China’s various economic indexes has shown that the internal motive power for China’s economic growth has been weakened. China’s economy is turning to its "New Normal" by bidding farewell to the high growth rate period. In the future, China’s economy will continue its downward trend. If without the stimulus from new aggressive easing policies from Chinese government, the current trend of economic downturn may be likely to last into 2015. China’s Central Bank (actually the central government) is now resisting the increasing appeal for larger scale of easing policies and will regard the short-term pain as the cost for structural reform.