China GDP to Grow at 6.5% in 2016, Think Tank Says

China’s economy will post a slower pace of GDP growth of 6.5% in 2016, a research institute under state planner the National Development and Reform Commission said in an article published in the China Securities Journal.

The State Information Center forecast China’s likely 2016 GDP growth at 6.5%, along with a 1.5% CPI increase and a 3.5% dip of PPI.

The SIC said China’s economy is resilient and still has potential. A mid- to high speed pace of growth is still possible if China steps up restructuring its economy, it said, with potential to further expand domestic demand given the size of the market.

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam