China state researcher: Risk of a steep slide in the economy has reduced

Dhwani Mehta FXStreet

Li Wei, director of the Development Research Center of China’s cabinet, was on the wires earlier on the day, via Reuters, expressing his take on the Chinese economic growth.

Key Points:

Risk of a steep slide in China's economy has reduced

China has moved through an "L-shaped" pattern of slowing

Now in "horizontal" growth ... points to long-term steady development, may be short-term fluctuations

Many positive economic signs emerging domestically & internationally

Economic transformation is incomplete, still difficulties in the economy

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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