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)