A construction worker carries supplies past Beijing’s iconic CCTV Tower. The Chinese economy advanced an annual 6.7 per cent in the second quarter, slightly above market expectations. Photo: EPA

All signs point to an economic slowdown in China, but warnings of a credit crisis are too simplistic

Joe Zhang says a recession would be a much-needed shock to achieve the transition Beijing seeks to a domestic-consumption-led growth model

Topic |   China economy

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A construction worker carries supplies past Beijing’s iconic CCTV Tower. The Chinese economy advanced an annual 6.7 per cent in the second quarter, slightly above market expectations. Photo: EPA
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