Growth in the world’s second largest economy could slow to as little as 5 percent in the near-term, but that’s no cause for concern, one analyst said.
“We are facing an inevitable deceleration in the Chinese economy. I see 5 to 6 percent per annum growth over the five years commencing January 2016,” said Jonathan Pain, author of investment newsletter The Pain Report.
Bearish views on China’s economy are not uncommon, with many analysts citing smaller dividends from investment-led growth, but Pain’s view boils down to simple arithmetic.
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