Tag Archives: Chinese economy

Does the Chinese economy have enough puff left? – by Mervyn Lewis

November 14, 2013


photo credit: Christopher Augapfel via Flickr cc

photo credit: Christopher
via Flickr cc

Despite anxieties about how quickly the Federal Reserve may exit from its easy money policies and the ongoing saga of the US budget and debt ceiling, few things matter as much for the world economy as what China does.  China’s growth over the last decade, in combination with that of other emerging economies, has helped underpin the international economy post-crisis and prop up the ailing developed world.

Still, with the IMF in its latest World Economic Outlook lowering China’s forecast growth rate in 2014 to 7.3 per cent per annum and observing ‘strengthening conviction that China will grow more slowly over the medium term than in the recent past’, this growth engine seems to be running out of steam, setting off a chorus of doomsayers quick to declare that China’s export-oriented, high investment growth model was unsustainable all along.  It is time to take stock. […]

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