EFTA Document EFTA01458556

2 October 2016 Global Economic Perspectives: A hard landing in China? The evolution of GDP growth as reported by the government is well-known: a sharp slowdown in the early 1990s after a tightening of monetary policy to combat high double-digit inflation followed by a re-acceleration of (less inflationary) growth in the 2000s driven by the opening up of the economy and the explosive growth in exports and investment. The economy was clearly overheating in the immediate pre-GFC years but th