China: Headed for a Soft Landing

The Chinese economy will grow 7.8% in 2012, compared with 9.2% in 2011, says Alistair Thornton, China analyst/global economics group at IHS Global Insight (Beijing). The Chinese government predicts higher growth of 8.9% for China’s economy in 2012. “China’s growth momentum is slowing, with GDP and industrial production data showing an economy heading toward a soft landing,” Thornton says. “Although aggressive tightening through 2011 has exacerbated vulnerabilities in the domestic economy, the greatest downside risk to China’s...

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