The World'S Largest Asset Management Co: The Theory Of "Empty China" Is Not Enough.

BlackRock, the world's largest Asset Management Co, released the latest research report, saying: "empty China" is not enough.

The world economist website published the latest research report on China's economy released by BlackRock, the world's largest Asset Management Co, 13.

The report questioned "bearish China", believing that some of the analysis of people who are worried about China's future or empty China are not reliable.

The report thinks China's economic growth rate will be 7% to 8% in the next few years.

BlackRock, also known as BlackRock, manages nearly $one trillion in assets around the world. Its analysis report has received the attention of major institutional investors.

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The newly released report on China by BlackRock entitled "whether Chinese depositors can save the world" is written by a research fellow of its investment research institute and enterprise credit group.

The report says: there are two kinds of people who hate Chinese and pro Chinese.

The latter believes that China's government policies and financial mobility will help the Chinese economy avoid going to the end of the road. The former is a commentator waiting for the collapse of China.

The representatives of these "personages" are

Last January, the New York Times published the "look for China" by the New York Times, saying that China's real estate is in the middle of the "thousands of Dubai" bubbles.

Roubini is a well-known economist who has successfully predicted the financial crisis.

In April this year, he published the article entitled "China's growth strategy is a bad bet" in the Korean Herald, asserting that "huge overcapacity and startling bad loans" will drag China down.

BlackRock's report says it understands the reasons for worrying about China, but thinks that some of the analysis based on this worry is not enough.

Predicting China will not happen

According to the Blackrock report, China's economy is growing rapidly, which is an indisputable fact.

According to the report, China's high savings rate is a positive beacon guiding China's economic development.

It is precisely because of the high savings rate and current account surplus that China has lost many loopholes that led to the collapse of the western financial credit system in 2008.

The report says that people who are worried about the future of China or people who are afraid of China may not understand that most of China's debts have been classified as quasi financial loans, which is supported by a certain system. Under this system, the income of the Chinese government is also growing, and the level of debt is relatively low.

According to the report, although the level of bad debts will eventually rise in China, the strong degree of economic growth will be enough to digest the loan losses in the vast majority of loans without threatening the stability of the financial system.

The report concludes that there will not be a slowdown in the Chinese economy that can trigger a large-scale financial panic, and more likely a gradual slowdown.

The report predicts that in the next few years, the growth rate of China's economy will not remain as high as 8% to 10% in recent years, but it will still reach 7% to 8%.