China's economy 2016: How'scary' is its sustained slowdown

Professor John Wong from the East Asian Institute at NUS highlighted the need for China to defuse its serious debt problem and stabilise its yuan exchange rate. He noted that the challenge to China’s policymakers this year is how to deleverage the debt situation without squeezing out too much economic growth. He added that managing gradual yuan depreciation will be more complicated and more challenging, given China’s vast trade and financial linkages with the world economy.

• The Straits Times, 9 January 2016, Opinion, pA48
• Lianhe Zaobao, 11 January 2016, p11