Huang Yiping is a monetary policy committee member of the People's Bank of China (PBOC), and Peking University professor.
In an interview with the official China Securities Journal (this via Reuters):
- Says Q4 and early 2017 could bring fresh downward pressure on growth
- Says freight demand had started to slow
- Power generation and coal consumption also weakening
- "In the short term, the pressure can come from the property market"
- The property market will provide less support to growth than in the past year or so
Yiping adds:
- Suggests the government should set annual economic growth target at a 6-7 percent range for 2017
- On the yuan ... he says speculation of depreciation in the yuan would curb expansionary monetary policies
- "To reverse the depreciation speculation fundamentally, we will continue to work on structural reform and stabilise the expectation for economic growth"