If you look at the underlying table [1], it looks like they will miss it again. Most importantly they keep forecasting China to grow at >6% in the short term. C

If you look at the underlying table [1], it looks like they will miss it again. Most importantly they keep forecasting China to grow at >6% in the short term. China is in a deep transition right now, 50% of their economy is in investment (building stuff mostly). This was fine in 2008-2011, but right now that has to stop, very quickly. They have run out of productive investments that make sense. Even if they grow at 0% they still need to find $6 Trillion of investment every year!, that's how lopsided their economy is. The transition to consumer and services will take time only because the hole from investment is so large ($6 Trillion/year). The fallout is that other economies that depend on Chinese investment will suffer lower growth as well. China and rest of world dependent on china make maybe 1/2 of the forecasted growth. I question how much will materialize. [1] http://www.imf.org/external/pubs/ft/weo/2016/update/01/pdf/0116.pdf http://www.imf.org/external/pubs/ft/weo/2016/update/01/pdf/0...