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China economy may rebound in 2018: UBS

While the property sector is a huge drag on growth, it is expected to bottom out after 2017

Published Tue, Jan 12, 2016 · 09:50 PM

Shanghai

CHINA's economic growth is expected to bottom out in 2017 and pick up speed in 2018, with the property sector being the main drag on growth, according to estimates by UBS economists.

"Our current estimates show that economic growth will continue to slow in 2017. If market reforms quicken their pace in the coming two years, economic growth may pick up in 2018," said Wang Tao, chief China economist at UBS.

"In addition, the property cycle is expected to bottom out, and inventory-to-sales ratio w…