wrapper

China's economy expected to grow by slackest pace since 1990

Friday, Dec 25 2015
China's economy will grow at the slackest pace since 1990 next year, and the yuan will weaken by 4% against the dollar, economists in a Nikkei Inc./NQN survey predicted. Real gross domestic product is seen expanding 6.4% in 2016, the lowest since the year after the deadly Tiananmen Square protests, according to the average forecast of 22 economists responding to the recent write-in survey. China's next five-year plan aims for average growth of at least 6.5% from 2016 to 2020.
 
Forecasts of 2015 growth averaged 6.9%. The official numbers are due out next month, but some reckon the actual rate is as low as 5-6%. Many of the economists think China's declared shift to consumer-led growth from that driven by investment and exports will be a lengthy process. Xia Le at BBVA Research predicted that "growth will continue its downward trend in the next three years."
 
Real estate market deterioration remained high among the perceived economic risks. Though property prices are rising in major metropolises, a glut of unsold stock persists in second- and third-tier cities. Even if prices hit bottom, investment will continue to fall, Zhao Yang at Nomura said.
More in this category: « Unemployment Claims decreased to 267,000 Is BoE ready for rate hike in 2016? »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.