No hard landing expected: UBS
By Xie Yu in Shanghai | China Daily | Updated: 2013-10-16 07:05
China's economy is unlikely to stage a strong rebound, as many investors have been hoping. But there won't be a hard landing, as many pessimists have predicted.
That's the verdict of UBS Securities' chief China strategist Gao Ting. He said that economic growth has reached a plateau and the government is trying to steer the economy to a safe middle course, fighting an unpredictable undercurrent.
"Premier Li [Keqiang] said on several occasions that China will take a holistic approach in pursuing economic growth and carrying out reforms. In fact, we see that a middle road is being taken," said Gao, who is head of wealth management research at UBS Securities.
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