China mired in slow growth, major FX move unlikely

As the world’s second-largest economy, China is at an important turning point. China’s leadership has pledged to put the economy on the right track and be less opaque about its currency moves. My colleagues, economist Stephen Green and China affairs specialist Andrew Dougherty, discuss the potential for a soft landing for China and why a massive currency devaluation is unlikely in the attached investment insight. They also touch on the reforms that China could pursue, and the bright spots they see as the economy transitions to consumption-led growth.