China's rebound looks unsustainable
- 5 years ago
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China's growth rate rose back to 7.8 per cent in the third quarter, but according to Liu Li-Gang, ANZ's chief China economist, that growth still relies on investment more than consumption and the rebound is unlikely to continue.
He tells the FT's Josh Noble that local government debt is a big potential problem and that he expects reforms to come out of next month's political gathering in Beijing.
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China's growth rate rose back to 7.8 per cent in the third quarter, but according to Liu Li-Gang, ANZ's chief China economist, that growth still relies on investment more than consumption and the rebound is unlikely to continue.
He tells the FT's Josh Noble that local government debt is a big potential problem and that he expects reforms to come out of next month's political gathering in Beijing.
For more video content from the Financial Times, visit http://www.FT.com/video
Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes