DBS Bank: China safely past danger zone of economic disaster

06/26/2013 | Caijing Magazine online

China's cash crunch and shaky stock markets notwithstanding, the broader Chinese economy has successfully negotiated a soft landing, according to a report by Singapore's DBS Bank. DBS Senior Economist Chris Leung said China's growth could slow to as little as 7% annually but there is virtually no chance of a full-scale meltdown at this stage. "The new leadership has made it clear that it is willing to sacrifice short-term growth for the economy's long-term health," Leung said.

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