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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