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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