From Chinese Media
China's hard-landing fear unnecessary: Expert
Updated: 2011-07-26 14:33
By Cai Muyuan (chinadaily.com.cn)
According to a report released by HSBC, China's July PMI will fall below 50 percent for the first time in a year, the Nanfang Daily reported Tuesday.
HSBC's chief economist Qu Hongbin refuted the opinion that China's economy was facing a hard-landing. He argued that despite the economy facing a possible slowing down and economic growth in the fourth quarter falling below 9 percent, this year's growth would still be around 9 percent and the CPI around 5 percent, according to the newspaper.
A report released by the National School of Development at Peking University showed economic growth is slowing down and the pressure of the inflation remains.
The Central Political Bureau held a meeting on July 22 and set the primary task of macro regulation and control for the next phase, which is stabilizing the general level of commodity prices, the newspaper reported.
![](../../tplimages/34369.files/facebook.jpg)
Specials
![](../../attachement/jpg/site241/20110722/bc305b9c61310f93395859.jpg)
Turning up the heat
Traditional Chinese medicine using moxa, or mugwort herb, is once again becoming fashionable
![](../../attachement/jpg/site1/20110719/0013729ece6b0f8fa06913.jpg)
Ciao, Yao
Yao Ming announced his retirement from basketball, staging an emotional end to a glorious career.
![](../../attachement/jpg/site241/20110722/bc305b9c61310f932e5619.jpg)
Financial sector short of talent
Lack of skilled professionals in Shanghai inhibiting the city's development as a financial hub