China Trims GDP Target, Citing ‘grave Challenges’

March 4, 2017 by

China’s premier warned Sunday that the world’s second-largest economy faces “grave challenges”, signalling a further deceleration as he announced a trimmed 2017 GDP growth target of “around 6.5 percent”. China’s economy already is growing at its slowest rate in more than a quarter of a century and the latest goal detailed in an address by … Read more

China Is Confident Economy Grew 6.7 Percent In 2016

January 8, 2017 by

China is confident to have reached an economic growth of 6.7 percent in 2016, within a targeted range set earlier in the year, Vice Finance Minister Zhu Guangyao said on Sunday. China’s economy expanded at a steady 6.7 percent in the first three quarters last year, and Zhu said he was confident the growth rate … Read more