Ex-PBOC Adviser: China's economy is in a long process of a gradual slow down

Headlines crossed the wires from Li Yang, former PBOC adviser and Director of the National Institution for Finance and Development (NIFD) under the Chinese Academy of Social Sciences.

Key Points:

China's economy is in a long process of a gradual slow down.

Need to stay vigilant to developments in the US economy.

Comments that China economy has bottomed out are suspect.