New apartment buildings under construction in Nanjing, Jiangsu province. Reuters/China Daily
New apartment buildings under construction in Nanjing, Jiangsu province. Reuters/China Daily

The Economic Observer surveyed 76 economists and had the following findings:

  • Half believe that China’s economy is bottoming out at the vertical-end of a “L-shape” pattern and this could last for three to five years;
  • Around 10% said that property prices in first-tier cities would drop earliest in 2016 Q4;
  • Around two-fifths estimate 2016 Q3 GDP growth at 6.6%; another two-fifth at 6.7%
    超四成经济学家预判:一线房价不会跌 不会有通缩

External, cyclical factors causing economic slowdown, Lin Yifu says

The slowdown in China’s economy are caused by both external and cyclical factors, Peking University Professor Lin Yifu said at the Fudan Chief Economist Forum on October 16. Lin said the government should expand its fiscal policy to help boost corporate profits and reduce company debt.
林毅夫:经济困境主要是外部原因 建议出台适度积极财政政策

Hainan to finish review of internet lenders by end of November

The provincial government of Hainan will finish its review of online finance companies by the end of November, Xinhua news agency said on October 16. The review is expected to introduce regulations on equity crowdfunding businesses and peer-to-peer lending platforms, according to the report. The state council of China announced plans on October 13 to regulate internet finance companies.


Money flow into emerging market equity funds at an eight week high: EFPR

Money flows into emerging market equity funds are at their highest in eight weeks, according to data provided by EFPR Global, a financial company that tracks capital flows, in a report by the Shanghai Securities Journal on October 16. Japanese equity funds have “haemorrhaged” over two billion US dollars, the most since the fourth quarter of 2014, according to the report.

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