Former PBOC advisor lowers China 2014 growth forecast to 7.4%

Li Daokui in a statement from his research centre at Tsinghua University in Beijing

  • vs 7.6% prev
  • cites weakness in property investment as the primary reason for overall economic weakness
  • expects further slowing of growth

Seems to be in direct contrast to the view expressed earlier by the current PBOC economist and reported by Eamonn here

The difference between having to toe the party line and not, it would appear.

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