China’s L-shaped recovery

Monday, 1 June 2015

Short term policies could stabilise China‘s slowing economy in the second half of this year, but for growth to make a lasting recovery Beijing should foster new sectors and innovation, a government think tank’s chief economist was reported as saying on Saturday.

China’s growth trajectory will be “L” shaped, rather than “V” shaped, and it is difficult to predict when the world’s second-largest economy will rebound, Fan Jianping, chief economist at the State Information Centre, told the official China Securities Journal.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.