POLL: Economists Remain Unconvinced Of A China Hard Landing

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Yes, the arrow is pointing downward.But economists polled by Reuters are holding to their view that China GDP will grow 8.4% this year.

They unanimously agreed the country would meet or exceed the government’s target growth rate of 7.5% for 2012.

“Our forecast of 8 per cent growth this year remains realistic. Even if growth is slightly lower than that, a hard landing is a distant prospect,” Dariusz Kowalczyk, a senior economist at Credit Agricole, told Reuters.

The consensus inflation rate also held at 3.4 per cent, compared with the Party’s 4% target.

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