China Slowdown May Unbalance Economy, State Researcher Says

China’s economy may be facing a period of instability and imbalance as it transitions from high-speed growth, a state researcher said.

“Growth inertia should not be underestimated, as new growth engines and patterns have not been formed,” researcher Yu Bin said in a report by China’s Development Research Center released yesterday in London. “Market expectations are unstable, downward pressure has increased, and existing and new structural mismatches exist. The economy has become unstable and uncertain like never before.”