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Dalio says nation is unlikely to see hard landing

By Wang Yanfei | China Daily | Updated: 2018-12-06 07:38

Despite worries that downward headwinds may weigh heavier in the coming months, China is unlikely to see a hard landing, although it may take another two to three years to go through the current deleveraging period, Bridgewater Associates founder Ray Dalio told China Daily.

Following strong deleveraging moves that have slowed growth in the past year, some concerns have been expressed that the continued strong deleveraging push may weaken future growth, as deleveraging moves amid downward headwinds may in turn lead to more difficulties ahead.

Some analysts expect that the headline figure of GDP growth may drop further in the year ahead. For instance, Moody's baseline scenario for China assumes GDP growth of 6 percent in the next year, down from a forecast of 6.6 percent in 2018.

Dalio says nation is unlikely to see hard landing

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