After A Soft Landing, China is Taking Off Again
QNB Economics' Weekly Commentary says that rather than the hard landing that many feared in 2012 and early 2013, the Chinese economy seems to be taking off again based on the latest indicators. The authorities have taken measures to mitigate some of the risks earlier this year, including concerns about excessive credit. With the recent announcement of a major reform package and positive economic news, the Chinese economy is likely to grow 8.0–8.5 per cent in 2014, according to QNB Group. This is the result of the ongoing transformation from an export–oriented to consumer–based economy.