Blackstone's Byron Wien Unveils His 'Ten Surprises' For 2015

Jan 7 2015 | 1:39pm ET

6. China reports that it is no longer growing at 7% and that more fiscal and monetary stimulus is needed to grow at even 5% and to prevent a hard landing.  It also acknowledges that it must rebalance the economy toward the consumer and away from credit-based investing in state-owned enterprises and infrastructure.  What money is spent on infrastructure is focused on air, water and ground pollution, not roads and housing.  A lower rate of job creation leads to protests but they are contained without excessive violence.

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