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China: the usual worries but no boom or bust

While Beijing faces a difficult balancing act, one can confidently expect growth this year to come in around the 7% target.

the People's Bank of China (PBOC) is about the most opaque major central bank there is, and numerous motherhood policy statements about "prudent monetary policy" and "deepening economic reforms" don't help.

IN SOME ways, I find analysing China amusing. First, as long as I can recall, numerous commentators have been calling for a Chinese hard landing. And for as long as I can recall, they have been wrong. Second, Chinese economic data has been running hot and cold for years, but each meaningless