Some weekend China press from Xinhua (official press agency of China), quoting economist Wang Yiming, deputy director of the development research center of the State Council:
- If investment, supply-side structural reforms and the fostering of new growth momentum achieve desired results, there is a high probability that the economy may bottom this year
- On the demand side, manufacturing investment is on the up, while infrastructure spending will remain strong, which mean overall investment will stabilize in 2017
- If China's capacity-cut targets are solidly delivered, producer prices will keep going up to support the broader economy
There is quite a few 'ifs' in there.
The piece also notes the IMF forecast for China growth this year:
- 6.5%
- & the IMF says the economy will continue sustainable growth as it is rebalancing from manufacturing to services, despite reemerging concerns for property markets
