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4/02/2016

Topic Reading-Vol.1452-4/2/2016

Dear MEL Topic Readers,
Economic slowdown: Does China know what it's doing?
No longer a planned economy. They used to look at what the government said. Now they watch what and how much the consumers spending on. If that is the reality, how much growth could be achieved in 2016? Is the government capable of guiding the nation’s economy as pledged? Where the second largest economy will go this year is everyone’s concern. Though its economy is growing faster than any developed countries, state enterprises and foreign investors had put too much money into production capacity with way-overestimated future outlook. Steel, construction, automobile and shopping centers are all just too much or too many. How and when such overcapacity is going to be slashed is so imminent but no one knows when and how the adjustment is going to happen. It seems that China’s economy is on the brink of a big shake.
Enjoy reading and learning what the outlook of China’s economy is like.

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