CHINA’S ECONOMIC REBOUND

NO HARD LANDING AFTER SLOWER GROWTH

Xinhua

People's Daily, April 26, 2012

Although some feared the possibility of a hard landing after China posted lower-than-predicted quarterly growth, the economy may rebound more quickly than expected as a result of robust inner growth dynamics, according to several global economists.

Dragged down by sagging exports and domestic tightening efforts intended to curb inflation, China's GDP growth hit an 11-quarter low of 8.1 percent in the first quarter of 2012, well below expectations of 8.3 to 8.5 percent.

"I don't think China will have a hard landing. There is still sufficient robustness in the Chinese economy," said John Quelch, dean and vice president of the China Europe International Business School.

Heading for rebound

With the key growth drivers of trade and investment showing signs of regaining strength and consumption expanding after the softening of inflation, economists believe China's growth will rapidly pick up rather than suddenly fall.

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