There will be no hard landing in China, says … China. In an interview given Saturday...

|By:, SA News Editor

There will be no hard landing in China, says … China. In an interview given Saturday following the G-20 conference, finance minister Lou Jiwei pointed to 8% growth in service industry electricity usage as evidence the country is successfully transitioning away from a manufacturing- based economy. Lou also claimed China is committed to growth friendly tax reforms and initiatives to cut back on "paperwork and application requirements for Chinese businesses."