People’s Republic of China: Economy | Asian Development Bank

People’s Republic of China: Economy

The growth forecast is revised up to 6.7% for 2017 and 6.4% for 2018 in response to strong growth so far in 2017 buoyed by expansionary fiscal policy and unanticipated favorable external demand. Inflation will accelerate less than previously forecast, and the current account surplus will narrow faster. Supply-side reform is moving forward but eventual success hinges on a careful balancing of the role of the market and the state during the current economic transition. Read more from Asian Development Outlook 2017 Update


Economic forecasts for East Asian countries

Country 2017f 2018f
China, People's Republic of 6.7 6.4
Hong Kong, China 3.6 3.2
Korea, Republic of 2.8 2.8
Mongolia 4.0 3.0
Taipei,China 2.0 2.2
Average 6.0 5.8
Country 2017f 2018f
China, People's Republic of 1.7 2.4
Hong Kong, China 1.7 1.8
Korea, Republic of 1.8 1.9
Mongolia 3.0 3.4
Taipei,China 1.1 1.2
Average 1.7 2.3
Country 2017f 2018f
China, People's Republic of 1.4 1.2
Hong Kong, China 2.9 2.9
Korea, Republic of 5.0 5.0
Mongolia –6.4 –8.5
Taipei,China 6.8 6.5
Average 2.0 1.8

f = forecast number.

Source: Asian Development Outlook 2017 Update