"China Business Forecast Report Q3 2013" Now Available at Fast Market Research
We are starting to see signs of a broader realisation on the part of Beijing that the previous government's state investment-led policies were inherently unsustainable and risk systemic crisis. Should the new leadership reduce support for loss-making state-dominated industries, this would mean a much weaker H213 and 2014 for China's economy than the consensus currently expects. Extensive structural reform, while unlikely, could trigger a near-term growth collapse but lead to a major improvement in the country's long-term prospects. We are...
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