Bank lending

Bank lending

Bank lending

China’s government needs to take its thumb off the economic scales
China’s economic growth is expected to have slowed to just over 6%, and it is unlikely to accelerate any time soon.  In fact, analysts generally agree that China’s economic performance last year – its worst in nearly 30 years – could be its best for at least the next decade. What observers cannot seem to agree on is how worried China should be, or what policymakers can do to improve growth prospects. Optimists point out that, given the size of China’s economy today, even a 6% growth in gross domestic product translates into larger gains than double-digit growth 25 years ago. That may be true, pessimists note, but slowing GDP growth hampers per capita income growth – bad news for a country a