China's slowdown likely to linger, says researcher

The mainland's economic slowdown may last longer than during the global financial crisis because of worsening external demand and limited lending to smaller companies, a state researcher said.

Growth may slow for a ninth consecutive period to below 7 per cent in the first quarter, said Yuan Gangming, an economist with the Chinese Academy of Social Sciences.

Yuan, who formerly headed CASS's Office of Macroeconomic Research in the Institute of Economics, forecast 7.4 per cent expansion in the third quarter and 7.2 per cent in the fourth.

via Business feed http://www.scmp.com/business/economy/article/1042641/chinas-slowdown-likely-linger-says-researcher