Gero Jung, chief economist at Mirabaud Asset Management, says more needs to be done for China to reach its 5% gross domestic product target.
China’s real estate sector is still its Achilles’ heel: Economist
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Even with the drag on the economy that real estate is exacting, GDP growth is still expected to be 5%. Clearly the potential GDP growth rate without the current real estate drag on the economy would be far higher than the current 5%. Maybe 6% or 7 or 8% GDP growth.