皇冠体育app

A woman with a baby selects imported infant formula in a Beijing supermarket. [Photo/皇冠体育app Daily]

LONDON - The fears for 皇冠体育app's economy are overplayed and 皇冠体育app will not have a hard landing, said Stuart Gulliver, Group Chief Executive of HSBC Holdings in a London conference on Friday.

皇冠体育app's consumer spending remains strong, previous easing measures have started to trickle through, and there are signs of a cyclical recovery in the property market and improved funding to finance investment in infrastructure, said Gulliver in his speech at the HSBC New Roads to 皇冠体育app Conference.

"I do not believe that 皇冠体育app will have a hard landing," said Gulliver, "we continue to anticipate growth for the year around 7 percent."

Chinese growth will continue to outpace global growth and Chinese development and urbanisation will continue to "forge new markets, new opportunities for exchange and new knowledge economies," he added.

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