Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

Expert comment on Chinese export growth and increase in bank lending

Posted by fidest press agency su giovedì, 7 aprile 2016

Kamel Mellahi, of Warwick_Business_School_Scarman_road_view, is a Professor of Strategic Management and researches business in China.Professor Kamel Mellahi said: “It looks like the pulse of the Chinese economy is quickening. Both manufacturing and service sectors are expanding, and there is renewed signs of life in the property sector.”But the economy is not rebounding for everybody. This is a two-track economy. The chasm dividing the old manufacturing sector and the new service sector is going to get bigger. There has been a lot of pressure on unemployment in the old manufacturing sectors where there is an overcapacity problem, such as steel and coal. Millions of people are being laid off. The recent data suggests that the service and manufacturing sectors are not absorbing enough people to offset the restructuring in the old manufacturing sector. “Most indicators suggest that the economy is heading in the right direction, but it’s too early to say whether the economy is entering a sustainable U-turn and a major rebound is around the corner. At this stage, most of the indicators are mere anecdotal evidence that a potential economic upturn is on the horizon.”The better than expected performance does not look sustainable, as the positive indicators can easily be wiped out. There are still plenty of concerns about the Chinese economy, but the recent data suggests a hard landing is unlikely.”

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