Breaking News ….

May 8, 2022

Longtime China bull Stephen Roach says there’s ‘no way’ Beijing will meet its 5.5% growth target

  • China is facing “enormous risk” and “formidable pressures” at the moment, according to economist Stephen Roach, who has been a longtime bull on the Asian giant.
  • Beijing has officially set a growth target of around 5.5% for the Chinese economy this year, but Roach says “it will be lucky if it makes 4.”
  • A slowdown in the Chinese economy is set to have global ramifications, he warned, with Beijing now unable to bail out the world the same way it did after the global financial crisis.

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