People’s Republic of China: Economy

Economic growth continues to decelerate in the People’s Republic of China (PRC), and is increasingly driven by services and consumption. Inflation will rise but remain low in 2016 and 2017, and the current account surplus will stay broadly stable. The authorities need to intensify supply-side structural reform to improve economic resilience in the face of a darkening international environment, financial market volatility, and financial and social challenges associated with industrial transformation. Read more from Asian Development Outlook 2016


Economic forecasts for East Asian countries

Country 2016 2017
China, People's Republic of 6.5 6.3
Hong Kong, China 2.1 2.2
Korea, Republic of 2.6 2.8
Mongolia 0.1 0.5
Taipei,China 1.6 1.8
Average 5.7 5.6
Country 2016 2017
China, People's Republic of 1.7 2.0
Hong Kong, China 2.5 2.7
Korea, Republic of 1.4 2.0
Mongolia 3.0 7.0
Taipei,China 0.7 1.2
Average 1.6 2.0
Country 2016 2017
China, People's Republic of 2.7 2.5
Hong Kong, China 2.0 1.8
Korea, Republic of 6.5 5.5
Mongolia -8.0 -15.0
Taipei,China 14.8 15.3
Average 3.6 3.3

Source: Asian Development Outlook 2016

 

 
This page was generated from http://www.adb.org/countries/prc/economy on 02 July 2016