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PARIS, Feb. 2 (Xinhua) -- The Chinese economy will not face a "hard landing scenario" despite it is likely to slow down in 2016, a French economist said in a recent interview.
Charlie Carre, Asia economist at the French credit insurance giant Coface, suggested an overview of the world's second largest economy.
"There is always a positive outlook Cheap Jordan Shoes Kids , in particular for services and consumption," she said.
The economist said the pace of China's growth would slow down gradually and "it was not a new trend."
Carre believes China faces multiple difficulties and significant risks in its economic restructuring, such as overcapacity in sectors of construction, steel and chemistry, which hinders the transition of the Chinese economy. Moreover, the debt of private companies Cheap Jordan Shoes Retro , which has been growing rapidly in China in recent years, has become a potential financial threat.
However, these risks would not make "systemic" threat to the Chinese economy, said Carre, adding the Chinese government is ready to intervene to stabilize the market and prevent large-scale risks.
"There is no systemic threats because in our view China is able to react in time and inject liquidity to banks if needed," said the economist.
According to the latest risk assessment on countries Cheap Jordan Shoes Mens , Coface Group said "this is an acceptable level of risk," according to Carre. She noted that China must be alert to rising credit risk.
"China has a new economic engine, while the share of services has exceeded that of the industry in GDP of the country," said Carre, "This means that the transition of the real economy is underway. "