Gao Shanwen, chief economist from Essence Securities, says China must address systemic risk to sustain growth above 5 per cent. Photo: Handout
China could struggle to keep growth above 4 per cent over next decade, warns prominent economist
- Beijing must address China’s ageing population, debt levels and falling investment over the next few years to sustain growth above 5 per cent, says Gao Shanwen
- Gao, a frequent critic of government policies, says unsustainable investment and accrued risks from stimulus policies pose threat to economy
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China economy
Gao Shanwen, chief economist from Essence Securities, says China must address systemic risk to sustain growth above 5 per cent. Photo: Handout
October’s fall in industrial profits to was worse than a 5.3 per cent contraction in September. Photo: EPA-EFE
China’s October industrial profits post biggest fall since 2011 amid trade war and sliding producer prices
- Profits at China’s industrial enterprises shrank 9.9 per cent in October from a year earlier, the biggest fall since 2011
- The contraction shows continued problems for the world’s second largest economy as it battles slow growth amid a trade war with the United States
Topic |
China economy
October’s fall in industrial profits to was worse than a 5.3 per cent contraction in September. Photo: EPA-EFE