Deutsche Bank economist says China GDP to grow 8.6% in 2014
BEIJING - Ma Jun, Deutsche Bank's chief China economist, says China GDP is likely to grow by 8.6% this year, in contrast to a number of financial institutions predicting a growth fall to around 7.5%. He believes a pick-up in recovering US and European economies will drive exports dramatically, while excess capacities in China’s struggling industries like solar, cement and shipping are being eased.