China slowdown likely to be brief, says Edmond de Rothschild AM
But the country faces challenges in the form of an overheating property market, renminbi internationalisation and the need to reform a hybrid economic model, argues Pierre Ciret.
Pierre Ciret is an economist at Edmond de Rothschild Asset Management.
Do you believe that regulating China’s real-estate market will be too complex a task in the months ahead?The dreaded overheating of the economy is most evident in speculative rises in real estate prices. Retail prices reached 3.3% year-on-year in July, above the alert threshold of 3% set by the government, but the rise ex-food (30% of the index) was still a modest 1.6%. In fact, prices in China have been stable sin…
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