China’s rebound looks unsustainable – FT

The FT delivers up some chum for the Panda bears.   Self included.

China’s growth rate rose back to 7.8 per cent in the third quarter, but according to Liu Li-Gang, ANZ’s chief China economist, that growth still relies on investment more than consumption and the rebound is unlikely to continue.

He tells the FT’s Josh Noble that local government debt is a big potential problem and that he expects reforms to come out of next month’s political gathering in Beijing.

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