While questions remain about true health of the Chinese economy, this sentiment of China not being in crisis was also borne out in discussions at the recent the IMF/World Bank Annual Meetings in Lima, Peru. The Asian Development Bank also noted a number of reasons to remain optimistic despite the slowing growth outlook, notably a growing services sector and resilient consumption amongst others.
Deutsche Bank, in a recent article 3 notes that a “hard landing” scenario in China is not on the cards and interpret recent evidence as pointing to, at worst, a gradual decline in growth such as has been evident over the past couple of years.