The Economist Intelligence Unit warned the world that China was set for a hard landing in its latest global risk analysis report, but closer inspection shows it to be a false alarm. The forecasting and advisory services provider issued a report Thursday rating a sharp economic slowdown in China as their top risk scenario, on the back of concerns over the country’s febrile manufacturing sector, rising debt and growing downward pressure on the renminbi, due to capital flight. The think tank is right that the Chinese economy is experiencing headwinds, however, this is hardly breaking news. The country’s leadership has spoken at length about the challenges brought by the new normal and structural reform. The manufacturing sector is struggling. Industrial investment is falling, the trade environment is worsening and overcapacity is weighing upon the sector. However, manufacturers are busy […]