China's dirty little growth secretMads Koefoed
China’s GDP growth has slowed nine of the last 10 quarters, and one reason behind it may come as a surprise: anti-pollution measures. According to Saxo Bank’s Head of Macro Strategy, Mads Koefoed, new policies implemented by the Chinese Government mean that some companies are unable to proceed with business as usual.
But a growth level of 7.5% would make most countries green with envy, so how worried do we need to be? Mads says that the Chinese economy may still be solid thanks to regional Government programmes, which help boost the economy on a local level. But he predicts that towards the end of this decade it will reach below 5%, and here he explains why.
Watch more about Mads’ predictions about the Chinese economy here:
Why you should worry about China