Bo Zhuang

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

Jonathan Fenby

Chairman, China team and Managing Director, European Political Research
+44 20 7246 7880

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Why a hard landing is not our China base case

Overview

The annual plenary session of China’s legislature, the National People’s Congress, in Beijing this month lowered growth targets, but the government struck a more expansionary tone than it had at last year’s meeting. It was clear from Prime Minister Li Keqiang’s concluding remarks that the government plans to play an interventionist role in the economy this year. Thus its policy decisions and implementation are key to any analysis of the outlook. At the same time, they have the...

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