'Time is running out' for China to hit its growth targets, economist says

VCG/Getty Images

• August data shows China's industrial production slowed to 4.5% year-over-year, from 5.1% in July.
• With no strong growth stimulus, it's unlikely China reaches its 5% GDP target, economist Yingrui Wang says.
• Wang warns that China could slip into a "yawning demand-deficient deflation trap" going into 2025.

With new weak economic data and no clear sign of a stronger growth stimulus, China most likely won't reach its growth targets by year-end...