Bo Zhuang

Chief Economist and Director, China Research
+86 10 5960 3315

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China 2013 outlook: Expect a mild recovery

Overview

After indications of economic and financial stability in Q2/12, China has shown renewed weakness, leading to revived forecasts of a hard landing. Although the current downturn is not likely to be as serious as that experienced in 2008-09, we believe that the economy is still searching for the bottom, as evidenced by deteriorating industrial production, the sharp deceleration in export growth and worsening inventory measures in cyclical sectors. However we expect growth to recover in...

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