Chinese slowdown could be harder than many economists think, paper argues

The Banque de France

Potential economic growth in China could be lower and the country's coming slowdown more pronounced than many economists think, a working paper published this month by the Banque de France argues.

In The long landing scenario: rebalancing from overinvestment and excessive credit growth, Marie Albert, Cristina Jude and Cyril Rebillard look at the implications for the Chinese economy of coping with the end of a credit boom.

The authors present a model of the Chinese economy in which financial

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