November 27, 2018

The world’s second-largest economy remains on track to be one of the fastest-growing globally, according to Jing Ulrich, managing director and vice chairman for Asia Pacific at J.P. Morgan Chase.

“The important thing to note is the Chinese economy may be bending. It is not breaking,” Ulrich said Tuesday at CNBC’s East Tech Westconference in the Nansha district of Guangzhou, China.

She said the firm expects China’s economy to slow from 6.6 percent to 6.1 percent next year. Beijing’s efforts to reduce reliance on debt for growth, an increase in uncertainty among consumers and an investment slowdown in areas such as real estate are all contributing to the slowdown, Ulrich said.

Read more:

https://www.cnbc.com/2018/11/27/chinas-economy-may-be-bending-but-its-not-breaking-jp-morgan.html