Has China Achieved Growth Target of 6.8% in 2017?
Economic data from China for December show that economic growth is slightly slowing down, but still remains stable. Markets expect that China's economic data, which will be published in the coming weeks, will demonstrate that the country's economy remained strong in 2017 on a slightly softer note, but the activity was likely to remain more stable than expected.
Reflecting expectations of a slowdown, economists believe that industrial production growth only slightly decreased to 6.0%, but still remained solid. It is expected, that retail sales will grow slightly more than 10%. It is also forecast, that the economy grew by 6.8% in 2017.
Reuters reported that China will keep its target for economic growth at around 6.5% in 2018, as it seeks to balance efforts to reduce risks in the financial system while maintaining stable economic growth.