What Kind of Landing for the Chinese Economy? (original) (raw)

The paper discusses the varying perspectives on the Chinese economy's future, particularly the debate between soft, hard, and no landing scenarios regarding economic growth. It highlights that while some analysts believe China is transitioning to a soft landing characterized by a modest slowdown in growth, the authors argue for a 'long landing' perspective due to unsustainable investment levels. They emphasize that the adjustment process may lead to a more prolonged decline in economic growth, questioning the sustainability of the current investment rates.