People’s Republic of China: Economy

Economic growth in the People’s Republic of China continues to slow but less than forecast in March and not enough to threaten the government’s growth target for 2016 of at least 6.5%. Inflation will rise but remain low in 2016 and 2017 even with the likely end of half a decade of producer price deflation. The authorities need to contain financial risks posed by high credit growth and recurring instability in the real estate market, while intensifying structural reform to unlock growth potential. Read more from Asian Development Outlook 2016 Update


Economic forecasts for East Asian countries

Country 2016 2017
China, People's Republic of 6.6 6.4
Hong Kong, China 1.5 2.0
Korea, Republic of 2.6 2.8
Mongolia 0.3 1.4
Taipei,China 0.9 1.5
Average 5.8 5.6
Country 2016 2017
China, People's Republic of 2.0 2.2
Hong Kong, China 2.4 2.5
Korea, Republic of 1.1 2.0
Mongolia 3.2 5.4
Taipei,China 1.3 1.5
Average 1.9 2.2
Country 2016 2017
China, People's Republic of 2.0 1.7
Hong Kong, China 2.3 2.1
Korea, Republic of 7.0 6.0
Mongolia -8.3 -16.7
Taipei,China 14.8 15.3
Average 3.1 2.7

Source: Asian Development Outlook 2016 Update

 

 
This page was generated from https://www.adb.org/countries/prc/economy on 28 September 2016