JP Morgan Chief China Economist: Chinese Growth Stabilizing; Look for Second Half Weakness

It was subtle, but he inferred the Chinese economy would slow down again– when asked if the Chinese economy would bottom at 6.7%. The chief China economist for JP Morgan, Haibin Zhu, is sanguine on these GDP numbers, which missed estimates of 6.8%. Once Chinese easing policies begin to wane, most likely in Q3 of 2016, GDP will begin to slow again. Moreover, he believes China will need to establish an American styled chapter 11 system to deal with the looming debt crisis.

He was impressed by the manufacturing numbers. Bottom line: take a shot each time he says “stabilization” and you will be drunk by the end of this video.