OUtlook for the future
Updated: 2013-09-20 15:32
(China Daily)
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Qian Liu,
Deputy director, China Service, the Economist Intelligence Unit
Q3 GDP forecast: 7.5 percent
2013 GDP forecast: 7.5 percent
Forget about the magic double-digit growth but 7.5 percent is still very high internationally.
If the hukou system is reformed, urbanization could still be a growth engine.
China's growth will still impact the world and the next big theme could be major M&A activities in Europe and the US over the next five years.
Oliver Barron,
Head of the China office of NSBO
Q3 GDP forecast: N/A
2013 GDP forecast: Slightly above 7.5 percent
China's growth is clearly slowing but in the short term there is only so much the government can accept.
To move from a consumption-driven economy China has to overturn a lot of momentum.
Slowing growth will affect African commodity producers but the Chinese will want to own assets there.
Zhu Ning,
Deputy director of the Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University
Q3 GDP forecast: 7.8 percent
2013 GDP forecast: 7.6 percent
Local government debt and the problems stoked up by the 2009 stimulus package remain concerns for economic growth.
Banking and financial system reform is key to China's future growth.
China's growth will continue to have a big impact on the resource-rich economies.
George Magnus,
Senior independent economic adviser for UBS, London
Q3 GDP forecast: 7.7 percent
2013 GDP forecast: 7.5 percent
Debt could be 250 percent this year but that alone is unlikely to cause the economy to slow down.
Short-term measures to tackle debt and excessive credit could slow progress on reform.
Slowing growth would have consequences for the world as a whole that it couldn't easily compensate for.
Henry Bell,
First secretary, economic, British Embassy
Q3 GDP forecast: N/A
2013 GDP forecast: 7.5 percent
China is in transition and there has been too much hysterical reporting about China's slowing growth.
Government reforms are likely to see growth decline in the short term.
If China does rebalance its economy, its overall contribution to global GDP growth will fall.
Jian Chang,
China economist at Barclays Capital
Q3 GDP forecast: 7.6 percent
2013 GDP forecast: 7.5 percent
Major downside risks exist in the economy because of property bubbles and overcapacity in industry.
The reformists have to deal with a lot of fundamental challenges.
China contributing 40 percent to global growth was never going to be sustainable.
Mark Williams,
Chief economist, Asia, Capital Economics
Q3 GDP forecast: N/A
2013 GDP forecast: 7.5 percent
Given credit has been expanding at an annual pace of 20 percent it would have been a surprise if growth hadn't rebounded.
The key challenge for China's government is to steer income away from large state firms toward average households.
Despite China's size, developments in its economy have a far smaller impact overseas than shifts in the US or Europe.
Louis Kuijs,
Chief China economist of RBS in Hong Kong
Q3 GDP forecast: 7.5 percent
2013 GDP forecast: 7.5 percent
China has not run out of surplus labor since 30 percent of the population still live in the countryside.
Growth will continue to be fueled by capital deepening and increasing know-how of the workforce.
International economy is now highly sensitive to China.
( China Daily European Weekly 09/20/2013 page7)
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