Overnight in the Wall Street Journal - an article on the Organization for Economic Cooperation and Development's view that the risk is China's growth could fall further if the government stumbles in enacting structural overhauls.
OECD says:
- Barring unforeseen developments, Beijing's 7% economic growth target for 2015 is "sustainable and appropriate,"
- To maintain that approximate rate in coming years, China would need "unwavering commitment to structural reforms," & adherence to the rule of law
The risks the OECD highlights:
- A sharp drop in the property market
- Disorderly corporate defaults
- Insufficient monetary and fiscal stimulus
"Risks are mostly on the downside, and a sharper than projected slowdown of the Chinese economy would have global spillovers both directly through trade and investment channels but possibly also via confidence effects"
More at the Wall Street Journal, article appears not to be gated