6.5% once again, give or take


China’s economic growth target for 2018 will show new changes in its economy as the government place more importance on higher quality development. Policy sources have told Reuters that China look set to continue this year’s growth target of “around 6.5 per cent” in 2018 even as they attempt to control the risks arising from a rapid build-up of debt. China’s growth last year was at a 26-year low at 6.7 per cent but it has grown to 6.9 per cent during the first three quarters of 2017. Numerous economists believe that a slowdown next year to 6.4 per cent due to strategies taken on to curb housing prices and efforts to deal with debt risks.

Of course even these numbers are greeted with skepticism. Bonus reading, not necessarily fun.

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