China PBOC Economist Says 2015 GDP Growth to Slow to 7.1 Percent
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China is likely to see economic expansion next year decelerate to 7.1 percent as a slowdown in real estate investment continues.
While growth may slow, the outlook for employment and inflation remains stable, and labor-market conditions won’t be a major concern, Ma Jun, chief economist of the People’s Bank of China’s research center, wrote in a working paper dated Dec. 12. The growth projection compares with the monetary authority’s forecast for 7.4 percent expansion this year, the slowest pace since 1990.