PBOC expects China economic growth of 6.8% in 2016
[BEIJING] China's annual economic growth is likely to slow to 6.8 per cent in 2016 from an expected 6.9 per cent this year, the People's Bank of China said in a working paper published on Wednesday.
China's consumer price index is likely to climb 1.7 per cent in 2016 from this year, while its producer price index is forecast to fall 1.8 per cent year-on-year, the central bank said in the research report.
The central bank expects China's fixed-asset investment to grow 10.8 per cent in 2016 from this year and forecasts retail sales to rise 11.1 per cent on-year.
China's exports are expected to rise an annual 3.1 per cent in 2016 while imports are expected to grow 2.3 per cent, the PBOC said in its projections.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Israel concerned over possible ICC arrest warrants related to Gaza war
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
G7 reaches deal to exit from coal by 2035
US, Britain urge Hamas to accept Israeli truce proposal
Saudi Arabia says economic revamp momentum intact as plans shift
German inflation creeps up to 2.4% in April