One of China’s leading economists sees the country’s per capita GDP rising to 70% of that of the United States by mid-century, as long as it can avoid a financial crisis.
A researcher from the Development Research Centre of China’s State Council sees Q4 growth bouncing back to 6.9%.
China’s National Bureau of Statistics will be responsible for regional data collection starting from 2019, due to concerns over continued discrepancies between the official numbers for provincial and nationwide economic performance.
One of China’ s leading investment banks says that both domestic and overseas financial institutions are excessively pessimistic in their assessment of the country’s economic growth prospects, pointing to high levels of government savings as well as underestimates of potential housing demand.
21 of China’s 33 province-level administrative entities have released GDP data for the third quarter of 2017, pointing to the predominant role of southern coastal provinces in the national economy.
Growth in average Chinese incomes has seen an acceleration for the first three quarters of 2017, while also beating out GDP growth for the same period.
China’s GDP growth has eased by 0.1 percentage points in the third quarter compared to the strong performance posted in the first half of 2017.
The latest data from China’s National Bureau of Statistics points to an ongoing expansion in the service sector’s share of economic output.
A new report released by the Federal Reserve Bank of Kansas City sees China’s economic growth easing in the near future due to the provisional nature of factors supporting a rebound in 2017.
The International Monetary Fund’s latest “World Economic Outlook” has raised its forecasts for China’s economic growth for both the current year and next year.