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 Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.