Chinese Economy to Grow at 6.5% in 2017
The Chinese economy is expected to cool off in 2017 at a slower growth rate of 6.5 percent. This is coming after a fast growth and expansion over the years.
The Chinese government reported they are targeting a growth of 6.5% or higher during 2017.
The Chinese economy is currently, the second largest economy globally. This forecast is in the same range as that predicted by many economists.
The China’s economy is said to be doing everything to keep the economy in good shape. This includes a stimulus package. In the recent past we have witnessed huge government expenditure as well as increased lending from Chinese banks.
The Chinese economic plans were revealed in a report released by Premier Li Keqiang at the start of the National People’s Congress. This gathering of lawmakers is conducted every year in China.