Chinese economy to dodge hard landing: expert

Editor: 管理员      Date:2012-12-17      Hit:5023
%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20Chinese%20economy%20will%20not%20witness%20a%20hard%20landing%2C%20Stephen%20Green%2C%20head%20of%20Greater%20China%20research%20at%20Standard%20Chartered%20Bank%2C%20said%20Tuesday.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20government%20projects%2C%20credit%20and%20the%20real%20estate%20sector%20are%20the%20three%20main%20leading%20indicators%20to%20forecast%20China%27s%20economy%2C%20Green%20said%20while%20addressing%20a%20seminar%20held%20by%20the%20Hong%20Kong%20General%20Chamber%20of%20Commerce.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EHe%20said%20data%20show%20that%20both%20the%20central%20and%20local%20government%20projects%20are%20going%20up%20this%20year%2C%20compared%20with%20the%20dropping%20trend%20since%20around%202008%2C%20and%20at%20the%20same%20time%2C%20the%20real%20credit%20sector%20also%20sees%20the%20growth%2C%20implying%20the%20investment%20activity%20will%20pick%20up.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EGreen%20said%20the%20credit%20growth%20has%20been%20allowed%20to%20accelerate%20this%20year%2C%20with%20the%20economy%20beginning%20to%20turn%20around%20at%20the%20some%20point%2C%20%22so%20we%20did%20not%20think%20there%20will%20be%20a%20hard%20landing%20%28for%20China%27s%20economy%29%22.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3ECiting%20the%20data%20in%20cement%20production%20and%20real%20credit%20growth%20in%20China%20for%20example%2C%20he%20said%20the%20two%20figures%20go%20hand%20in%20hand%2C%20indicating%20the%20credit%20recovery%20is%20triggering%20a%20real%20economy%20recovery%20in%20the%20end.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EIn%20terms%20of%20the%20real%20estate%20sector%2C%20Green%20said%20the%20housing%20transactions%20are%20on%20the%20rise%2C%20and%20China%27s%20housing%20market%20has%20%22recovered%20significantly%2C%22%20adding%20that%20the%20housing%20market%20tends%20to%20drive%20consumption%20as%20the%20buyers%20will%20%22by%20a%20car%2C%20a%20nice%20TV%20and%20other%20furniture%22%20following%20the%20purchase%20of%20the%20property.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EIn%20addition%2C%20when%20talking%20about%20China%27s%20banking%20sector%2C%20Green%20expects%20many%20of%20the%20small%20loan%20companies%20will%20probably%20be%20allowed%20to%20become%20banks%20in%20the%20next%20five%20years%2C%20and%20thousands%20of%20the%20deposit-taking%20institutions%20run%20by%20private%20entrepreneurs%20will%20be%20happy%20to%20lend%20money%20to%20small%20and%20medium-sized%20enterprises%20legally.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%26nbsp%3B%28Xinhua%29%3CBR%3E%3C/FONT%3E%3C/P%3E