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China's economy: Will it tank?

China's economy: Will it tank?

China's economy has continued to slow over the last twelve months. But that mean it will continue to contract in 2017 and beyond?

The McKinsey Quarterly notes:

For ten years or more, China has been a uniquely powerful engine of the global economy, regularly posting high single-figure or even double-digit annual increases in GDP. More recently, growth has slowed, prompting sharp falls in international commodity prices and casting a shadow over the near-term prospects for developed and emerging markets.

What will happen next?

The McKinsey Quarterly shares the infographic below that pits pessimists on the Chinese economy against optimists.  The bottom line?  Like any good mystery, we'll have to keep reading until we get to the end of this chapter in China's history.