Home / Business

Economy glides to soft landing: DBS

By Gao Changxin in Hong Kong and Chen Jia in Beijing | China Daily | Updated: 2013-06-26 07:40

The Chinese economy has already "soft-landed" as a result of well-orchestrated government maneuvers, Singapore-based DBS Bank Ltd said on Tuesday.

Senior economist Chris Leung shrugged off the scenario of a hard landing suggested by many analysts apparently spooked by the recent surge in money market rates.

Leung told a news briefing in Hong Kong that growth could further slow to 7 percent in the worst-case scenario where some banks lapse into default, but the possibility is basically zero that the whole economy would derail.

Economy glides to soft landing: DBS

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349