ADB chief Nakao says China's economy to avoid hard landing

ADB chief Nakao says China's economy to avoid hard landing
 

TOKYO China's economy is unlikely to suffer a hard landing as there is room for fiscal and monetary stimulus to manage growth, the president of the Asian Development Bank said on Wednesday.
"There won't be a hard landing," Takehiko Nakao, a former Japanese vice finance minister for international affairs, told a news conference.
The regional lender has forecast the world's second-largest economy will grow 6.7 percent this year, but Nakao said that projection might be modified slightly later this month, indicating the possibility of a downward revision.
China's government has set a... read more

 
23 March 2016 in Business, Views: 41
Source: Reuters
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