Asian Development Bank Cuts its China Growth Forecast

Asian Development Bank Cuts its China Growth Forecast

30 March 2016, 06:39
Roberto Jacobs
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Asian Development Bank Cuts its China Growth Forecast

Asian Development Bank (ADB) lowered its forecasts for China’s economic growth to 6.5% in 2016 from 6.7% seen in its December forecast. While GDP growth forecast for 2017 stood at 6.3%.

Meanwhile, the official growth forecast published by the Chinese government is 6.5 to 7%.

(Market News Provided by FXstreet)

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