China’s hard landing - Has it already happened?
Conference Board is the first international organization to adopt alternativegrowth rates for China as its base case. Wu-Maddison estimate is the basis.What do new estimates show? Higher volatility; lower trajectory (~4%) andsharply lower productivity. Fit better commodity & deflationary narrative. Hashard landing already occurred? The answer is probably yes; highlights theneed to drive productivity; otherwise China would stagnate & decline. (4pages)
首页
微信公众号
证券之星APP
