World Bank warns of economic crisis in China
- 1 March 2012
The FT reported: "Even if Beijing implements steady reforms and avoids any major shocks to the economy, annual growth will decline to 5.9 per cent by 2021 and to just 5 per cent by 2026."
This blog quotes Michael Pettis at China Financial Markets saying: "China could face an economic crisis unless it implements deep reforms, including scaling back its vast state-owned enterprises and making them operate more like commercial firms. The World Bank report apparently doesn't say, but the consensus has been slowly moving down towards 5-6% annual growth over the next few years.
Mindful money Mortgage Tool Box
Looking To Re-mortgage
How Much Could You Borrow
How Much Is Your Home Worth
Find a Mortgage Advisor
- The top 10 investment pitfalls to avoid in 2015’s ISA season
- Mindful Money's weekly shares watch: BT Group, Royal Dutch Shell & Diageo
- Greek elections: What to expect now - expert reactions...
- City watchdog introduces new protection for consumers ahead of pension freedoms
- Energy supplier SSE cutting gas bills by a 'meagre 4.1%'
- Will we see Dollar/Euro parity? And learning the lessons of leverage and liquidity
- Dividend payouts from UK plc worse than expected during 2014
- ECB reaction: QE expansion may prove poorly timed
- UK economy bolstered by record spending from overseas tourists in 2014
- Something or nothing – The human dislike of simply doing nothing can work against investors