A commentary piece in Xinhua that outloines current challenges facing the Chinese economy:
- Such as a weak global recovery, rising trade protectionism, domestic debt overhang & excess capacity
But still, it says:
- China's contribution to world growth in 2016 is again poised to top that of all other countries, exceeding the figure for all developed economies combined
- The IMF has projected China's growth to be 6.6 percent with global growth at 3.1 percent in 2016
- However, China's growth last year appears set to hit 6.7 percent
It concludes with a projection on growth at 6.5%
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( Xinhua News Agency is the official press agency of China, it is a ministry-level institution subordinate to the central government and its head is a member of the Central Committee of China's Communist Party.)
