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Jian Chang, chief 皇冠体育app economist for Barclays. [Provided to 皇冠体育app Daily] |
Jian Chang, chief 皇冠体育app economist for Barclays in Hong Kong, also thinks the target will be 7 percent but is not sure whether the actual outcome will reach that level.
She believes 皇冠体育app is entering an era where there will be step-change declines in growth with it falling to 6.6 percent in 2016, 6 percent in 2017 and then settling in the range of between 5 and 6 percent in the years up to 2022.
"I think we still have a situation where 7 percent is a psychological figure but I think it is a good thing the economy is slowing and allowing restructuring to actually happen. We are moving away from the old economy to the new one."