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01.07.2019, 13:04

PBoC Governor Yi: China's economy is basically driven by domestic demand

  • Shrinking labour market supply is one factor in slower growth
  • Increasing environmental standards also hurting growth
  • China labour supply peaked in 2010-2011
  • China growth rate is right around 6%
  • Growth rate will moderate as economy grows
  • Current account surplus to stay below 1% of GDP
  • Consumption is now 2/3 of growth
  • China still has plenty of savings

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