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China's soft landing: Too good to be true? |
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| Authors: | Hong Bai Dr rew Sentance |
| Institution: | Research officer within the Centre for Economic Forecasting at London Business School;Director of the Centre for Economic Forecasting. |
| Abstract: | Chinese inflation reached a peak of almost 30% in late 1994 but has since fallen back to below 10%. Growth has eased in response to weakening demand but the slowdown has been very modest, with growth of around 10% recorded to last year. In this article, Hong Bai and Andrew Sentance critically examine this apparent "soft landing" and suggest that the reduction in inflation may be more apparent than real. |
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