in the media

Policymakers Not Concerned Over Chinese Growth Rate

Chinese leaders are less concerned about growth moderating in the short term and are more focused on long-term reforms.

by Yukon Huang
published by
CCTV
 on July 16, 2013

Source: CCTV

Policymakers in Beijing are more concerned about long-term reforms than short-term growth prospects, according to Carnegie’s Yukon Huang.  Speaking on CCTV’s Biz Asia America, Huang said that whether growth slows to 7.5 percent or below 7 percent is not so important to leaders, although markets are very nervous. This moderating growth is a natural progression that other successful East Asian economies have also gone through, he added.

EconomyEast AsiaChina
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.