Following the latest release of China’s GDP data, CKGSB Finance Professor Gan Jie spoke to the Wall Street Journal about China’s slowest rate of growth in five years, the housing sector and challenges facing the economy. Her insights were featured both in a video interview as well as in the print edition.
China’s quarterly GDP numbers are some of the most anticipated economic data anywhere in the world, with the media keen to analyze what any changes to the country’s growth rate might mean, and discuss whether Beijing can maintain a level above 7%.
Following the most recent release of data, CKGSB Finance Professor Gan Jie spoke to The WSJ’s Ramy Inocencio in the WSJ Digital’s studio in Hong Kong about China’s 7.3% third-quarter GDP number, its slowest rate of growth in five years.
Prof Gan also explained the difference in the real estate sector between Tier 1 cities like Beijing, Shanghai and Guangzhou, where oversupply is not a problem, versus Tier 2 and 3 cities, where the problem is much larger. In the interview, she also outlines how her recent large-scale survey of more than 2,000 firms clearly shows that weak demand is the biggest problem currently facing China’s economy.
Please watch the video in full at The Wall Street Journal’s website here.
Separately, Professor Gan was also featured in an article on the front page of The Wall Street Journal’s US print edition, which discusses the steps being taken to revive China’s economy and the impact those measures have on other countries. The piece also referenced Gan Jie’s groundbreaking new industrial sector survey.
To read the article in full, please click here.