Special Dutch version
We have never actually exited the financial crisis. The problem simply shifted from consumers' assets to the banks balance sheets and ultimately landed on governments’ laps, which in Europe are currently attempting to transfer it to a supranational level.
This article is part of a series of Special Reports that discuss the downside risks to the global economic outlook. In this study we take a closer look at the risk of a hard landing in China.
In China, real GDP growth is slowing gradually to 8.5% in 2012 under the baseline, soft landing scenario. However, a number of downside risks are present. Inflation is easing and in 2012 and 2013, China’s top leadership will be replaced.
The growth performance of India and China has been astonishing. This paper considers their innovative performance, now and in the future. It looks at the various factors driving innovation, as well as the obstacles that China and India need to overcome.
China’s economy continues to perform strongly in spite of numerous rounds of monetary tightening, with year-on-year (yoy) real GDP growth remaining steady at 9.8% and 9.7% in the last two quarters. Inflation remains stubbornly high at around 5% yoy in each of the past three months.