Former Bank of China Advisor expects China GDP growth to rebound to 7.5% in 2017 or 2018

Li Daokui, professor at Tsinghua University’s School of Economics and Management and a former adviser to the People’s Bank of China, said he believes growth in China’s economy is now nearing its low point, adding that he expects growth rates to pick up within a year or two.

“I believe we’re now at the bottom of a u-shape,” Mr. Li said at a Ministry of Foreign Affairs briefing for journalists. He said his forecast was for 7.2% year-over-year annual growth in 2015, rising to 7.5% by 2017 or 2018.

Most economists expect Beijing to set an annual-growth target for 2015 of 7.0% during its annual legislative session in March, when the government lays out policies for the year.

SOURCE – Wall Street Journal