PBEC’s subject matter expert Ben Simpfendorfer of Oliver Wyman spoke to China Daily journalists Ouyang Shijia and Ma Qing
“The foundations are there for recovery.” While China’s growth target of around 5 percent for this year seems challenging, Simpfendorfer said he believes the goal is “still achievable if the real estate sector begins to stabilize”.
Dismissing the speculation that China’s economy is showing signs of peaking, he said the “long-term growth prospects still look very good”.
“China hasn’t peaked. It’s evolving,” he added.
Watch the full video interview here: https://www.chinadaily.com.cn/a/202404/17/WS661efe40a31082fc043c253c.html