Manufacturing hurt by slowing demand for cheap Chinese goods , rising costs and debt . Instead , growth will probably be 8 per cent or less , accompanied by persistent price rises -- HSBC predicts average consumer inflation of 5 per cent from 2011 to 2015 , compared with 2 per cent from 2001 to 2010 . `` China suffers a serious lack of balance , co-ordination and sustainability in its development , '' said Hu Jintao . Economists believe China remains on track for a soft landing as growth moderates . But the country is still struggling to overcome decades of economic stagnation that has left it with high levels of inequality and poverty.
Manufacturing hurt by slowing demand for cheap Chinese goods , rising costs and debt . `` China suffers a serious lack of balance , co-ordination and sustainability in its development , '' said Hu Jintao . Economists believe China remains on track for a soft landing as growth moderates . But the country is still struggling to overcome decades of economic stagnation that has left it with high levels of inequality and poverty.