Beijing, Feb. 6, 2016: Chinese President Xi Jinping (C) – here with other top leaders during the New Year Spring Festival – tightly controls the ruling party and strict adherence to its line has taken precedence over debate and discussion (source: dpa)

Global Trends: China tightens up as its economy falters

If you thought that the crisis facing China’s equity and currency markets – so evident last summer – was over, renewed turmoil in the first weeks of 2016 shows that there is still a long way to go, writes GIS Guest Expert Nick Fielding. Government support has helped slow the price collapse, and there have even been some scattered signs of stabilization in real estate and manufacturing. Yet, there is little evidence that the broader economy has recovered its balance or that the hoped-for growth target of 6.5 percent for this year will be reached.

<i>This report is the last in GIS’s “Global Trends” series, which aims to forecast big-picture scenarios that will shape the world thi...

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 Nick Fielding
The IMF’s decision was at least partly based on wishful thinking and a willingness to take Beijing’s assurances of future reforms at face value
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