Ulyukayev predicted the Chinese economy soft “landing”


Moscow. October 23. The Minister of economic development Alexei Ulyukayev believes that the slowdown of China’s economy will be controlled and will have a dramatic impact on the markets or the economy.

“Such risks exist. The lowering of China’s economic growth is almost predetermined. The question is – will it be a managed decline, the so-called soft landing or hard,” he told journalists, commenting on the issue, are there any risks for Russian economy from the slowdown of the Chinese economy.

“While all indications are that China will manage a soft landing, meaning a gradual reduction of economic growth and switching to other factors, primarily on consumer demand without any radical changes. I think the markets will have time to consider in their policy, and it will not give any dramatic developments”, – expressed his view Alexei Ulyukayev.