Date
24 November 2017
Of 22 economists surveyed by Bloomberg, 16 said the property slump is the biggest threat to economic growth in the second half. Photo: Bkloomberg
Of 22 economists surveyed by Bloomberg, 16 said the property slump is the biggest threat to economic growth in the second half. Photo: Bkloomberg

Survey: China needs more stimulus to meet growth goal

China will need to do more to stimulate its economy if it’s to meet the government’s 7.5 percent growth target this year, Bloomberg reported Wednesday.

In a Bloomberg News survey of 22 analysts, 14 said China will need to “somewhat” increase stimulus to meet the goal, and 16 said the property slump is the biggest risk to second-half growth.

Premier Li Keqiang is trying to engineer 7.5 percent growth without resorting to broad-based stimulus that may exacerbate debt risks, the report said.

China said last week that its gross domestic product grew 7.5 percent in the second quarter from a year earlier, but analysts in the survey still tip the economy to grow 7.4 percent in 2014. If so, that would be the slowest pace since 1990, it said.

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