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Eversheds comment: Mixed messages from Chinese economy

  • United Kingdom
  • China

    21-10-2014

    Commenting on the latest China economic output data, Stephen Kitts, Asia managing partner at law firm Eversheds, says:

    "It is difficult to get a grip on the real direction of travel of the Chinese economy from the latest data. It does demonstrate that China is not immune from the vagaries of the world economy although growth above 7% would be very healthy anywhere else. The Chinese government is alive to these issues and will no doubt take steps to mitigate the downside risk. The form of any intervention will probably be somewhat behind the scenes with the underlying sentiment being driven by a complex range of issues that will include ensuring that the emerging consumer classes are kept onside. It will be important that China continues to create new jobs. This seems to be happening notwithstanding the slowdown in output. All in all a complex picture. There are some things, however, that will remain constant: China continues to be a major force on the world economic stage and its influence in the global markets will be unabated."

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