Diana Choyleva has covered China for Lombard Street Research pretty much since she left university more than a decade ago. Lombard had successfully predicted the Asian financial crisis in the late ‘90s and she personally foresaw China’s rise to a dominant global player at the start of the last decade. By the end of it, however, she argued China had come to the end of its export-led growth model, forecasting growth to average just 5 percent a year in this decade. In the meantime, she also co-authored this book: "The American Phoenix: And Why China and Europe Will Struggle After the Coming Slump.”
Right now, the head of research and chief economist of Lombard continues to be cautious about growth, but still believes China has the means and tools to manage its debt problem.
Epoch Times: Ms. Choyleva, what are the most pertinent issues on your radar regarding China?
Diana Choyleva: China’s growth has slowed down dramatically. Our estimate suggests that quarterly annualized growth averaged just 6 percent this decade and below 5 percent for 2014. For the first quarter of 2015, we calculate a quarterly contraction.
