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Car dealers and customers walk at a second-hand car market near a newly-built residential area in Hefei, Anhui province, China.   © Reuters

China economist concerned by inefficient government investment

Central bank official sees multiple factors as 'favorable' for economy overall

| China

BEIJING -- China's economy has been a source of concern for the past few years, but now it is showing signs of stabilizing. A key question is whether policymakers can maneuver the economy into a solid recovery track by preventing the yuan from falling significantly and stopping a real estate bubble from forming. The Nikkei asked Bai Chong-en, an economics professor at Tsinghua University who serves as a member of the Monetary Policy Committee at the People's Bank of China, for his view on the issues facing the country and its prospects. 

Q: China's gross domestic product grew 6.9% from a year ago in the January to March period, representing two consecutive quarters of accelerated growth. What is your view on the current status of the Chinese economy?

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