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

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 Internat

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