But for one analyst, the growing pessimism around China's economy could stem more from unrealistically high expectations and Wall Street's tendency to prioritize immediate metrics over long-term outlooks.
Heightened anticipations may be due to China's response to the 2008 financial crisis, when Beijing infused the economy with massive stimulus and achieved double-digit growth, Pantheon Macroeconomics' Duncan Wrigley said. Despite its aim to limit debt, China could increase the availability of cheap loans to sectors in need, as well as lift the lending quota for the three main policy banks, while allowing them to invest in local projects, Wrigley said.
And private investment, a major source of growth in China, has nearly collapsed in the past 15 months, Lardy said.
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