One of the major Japanese financial company Nomura does not believe in increasing the growth of the Chinese economy. Its forecast for 2015 now amounts to 6.8% versus 6.9% previously expected. The forecast for next year also has changed from 6.7% to 5.8%, according to the Bloomberg agency.
The Chinese economy is currently at the stage of restructuring, evidenced by a decrease of investment in real estate, as well as the weakness of the development of related industries, believe experts from Nomura. In the following year, investments on real estate will decrease, this is due primarily to the fact that in small cities offer prevails over demand. Chinese authorities in 2016 are going to reduce the installation GDP growth rate from the current 7% to 6.5%, according to Nomura. Earlier this week, the World Bank lowered its growth forecast for China's GDP from 7.1% to 6.9% by the end of the year.
The analysts of the BNP Paribas agency are optimistic. They believe that all this negativity around China is far-fetched, but in future, the country's GDP will increase by 7% year on year to the end of 2015 and beginning of 2016. Last week a leading economist of BNPP IP PRC Mr. Lo Chi made a statement that the consumer activity in country is still high, and the approach of major investments are in the offing. He believes that the brunt of decline occurred on the real estate sector, but the worst is in past, China is waiting for stabilization in future. Chi Lo advises not to wait for a new devaluation of the yuan this year, however, he said, it is likely the weakening of Chinese currency by 3-5% in 2016.