China’s economy is slowing, there are worrisome signs over municipal debt levels, and many pundits are predicting a property market crash — but that hasn’t stopped one think tank from issuing a rosy economic outlook for the country.

A report by the National Academy of Development and Strategy (NADS) of Renmin University of Beijing says China’s growth rate will bottom out in the third quarter, enabling a recovery in the fourth quarter after a rebound of the property market and consumption. The rebound will be the result of increased income and recovering imports and exports.

“Amid sluggish growth, China’s economy is undergoing deep structural changes, such as in the rise of of emerging sectors,” NADS executive head Liu Yuanchun explained. He suggested the government adopt a more flexible fiscal policy and a moderately loose monetary policy to keep the economic restructuring process stable.

If that news isn’t good enough, the report also predicts that the Chinese economy will continue its steady, gradual growth into 2017, following the development of new “growth engines” in 2015 and 2016.