Major Challenges Facing China’s Economy in 2015

Despite China’s remarkable growth, the property market still faces the challenges of consolidation, industrial overcapacity, financial risk, deflationary risk, and structural employment issues. In response the government will adjust to the economy’s “new normal” of slower growth, move toward an innovation based economy with more public goods and services, and pursue a proactive fiscal economy and a prudent monetary policy.



Niu Li, Director of Macro-economy Studies, State Information Center via CHINA US Focus http://ift.tt/1AWJBvh