China's economy unlikely to have hard landing: WEF report

Geneva

A HARD landing of the Chinese economy seems unlikely, although recent developments have cast some doubt on China's economic prospects, according to the Global Competitiveness Report 2015-2016 released by the World Economic Forum (WEF) on Wednesday.

China has achieved near universal primary education and high levels of public health, invested massively in transport and energy infrastructure, and ensured a relatively stable macroeconomic environment, the report said.

These successes have not only contributed to China's emergence as a manufacturing hub, but also represented assets for its further…