PBoC chief economist sees ‘very low’ risk of hard landing

peoples-bank-of-china
People's Bank of China

The slowdown in Chinese real estate investment will be offset by growth in services and health care spending, which is likely to double in the coming years, the People's Bank of China's (PBoC) chief economist Ma Jun said on Saturday in Washington DC.

Slower Chinese growth is a "reflection of weaker real estate activity," Ma said during a panel discussion at the International Institute of Finance's annual membership meeting, but added the risk of a "hard landing" remained "very low".

The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.