Market misreading China's rebalancing economy, says leading economist

Tokyo

IN what is likely to be a turbulent week for financial markets, attention will focus on China's slowdown and the impact this is having on other emerging and advanced economies, but some analysts say markets are misinterpreting signals coming from the world's second largest economy.

China's National Bureau of Statistics said last month that gross domestic product (GDP) growth had been maintained at an annual rate of 7 per cent in the second quarter of 2015 - a claim that has been widely challenged, with some quarters suggesting that underlying growth is much lower.