China’s economy shows a slight slowdown, and some economists predict it is the beginning of the end of China’s growth story. Not true, says economic analyst Arthur Kroeber in the New York Times. Despite a dreadful European economy, China is doing ok.
The New York Times:
“It all looks pretty robust, I have to say,” Arthur Kroeber, the managing director of Dragonomics, an analytics firm in Beijing, said by telephone. “Export growth has been slowing and we’ll expect that to continue because Europe is just dreadful, and that’s China’s best export market. But even with those kinds of negative factors in the mix, the basic structure of the economy is still O.K.
“Things are slowing. But they’re not falling off a cliff.”…
Mr. Kroeber said his firm believed that annual growth in 2012 could cool to as little as 8 percent.
Arthur Kroeber is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.
More on Arthur Kroeber and China’s economy at Storify.
- China needs to import food – Arthur Kroeber (chinaspeakersbureau.info)
- New banking policy no reason to worry – Arthur Kroeber (chinaspeakersbureau.info)
- No economic crash anytime soon – Arthur Kroeber (chinaspeakersbureau.info)
- China: expected to continue economic growth – Arthur Kroeber (chinaspeakersbureau.info)
- Rising wages in China do not create jobs in the US – Arthur Kroeber (chinaherald.net)