Rising Uncertainty

The Chinese economy faces significant uncertainty. Slowing economic growth, currency outflows, rising nonperforming loans and burgeoning debt have raised concerns about a possible hard landing both inside and outside China, Nikkei reported. At the same time, China has embarked on a series of broad initiatives to transform its economy, including the international infrastructure-centered Belt and Road Initiative, the manufacturing-oriented Made in China 2025 drive, and Internet Plus. The authorities have set ambitious plans to develop the country’s consumer, service and advanced manufacturing sectors. Staving off economic difficulties and meeting growth objectives will be a monumental task.