You are here

China to grow 7% this year, but faces downside risks: OECD

But the risks are manageable, it says

BT_20150321_VMCHINA21_1573765.jpg
FOREX FLEXIBILITY: 'Full interest rate liberalisation needs to be preceded by greater exchange rate flexibility to help the economy absorb shocks. A more flexible currency is also a prerequisite to opening up the capital account,' said the OECD.

Beijing

CHINA'S gross domestic product (GDP) will grow 7 per cent this year as the world's second-largest economy enters a "new normal" growth cycle, the Organisation for Economic Co-operation and Development (OECD) said in a report on Friday.

In its annual survey, it welcomed

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom