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THINK China: Slower but smoother growth in 2017

Research

In our latest THINK China report, Harry Tan, Head of Research, Asia-Pacific, provides an overview of the Chinese economy for 2017.

There are some good reasons to feel relatively upbeat about the Chinese economy in 2017 after the wild swing in sentiment caused by financial market volatility and the RMB depreciation (leading to heightened concerns over capital outflows) throughout parts of 2016. Economic sentiment has picked up over the past three months, as shown through the better-than-expected growth performance at the turn of the year.

The economy expanded by 6.8% in Q4 2016 – the first quarterly increase in growth in two years – consequently averaging 6.7% for the full year (against consensus forecast of 6.5% at the start of last year). The improved strength in real economic activity was mainly led by the tertiary industry (retail sales growth, for instance, accelerated to 14.4% (year-on-year) in December from 10.8% in November, and 10.0% in October).

Download the full report here THINK China - slower but smoother growth in 2017 

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Harry Tan

Harry Tan

Head of Research, Asia-Pacific

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