EXMO affiliate program

Social button for Joomla

China expects GDP growth in 2017 at 6.5%, which is the worst indicator for the past 26 years.

As reported by the Russian service of the BBC, this forecast is contained in the plan for socio-economic development of the PRC for 2017.

 "GDP will grow by about 6.5%, however, in practice, we will try to the best indicator," - said in a report on the reform and development committee, released before the opening of the annual session of National People's Congress.


According to the State Statistical Bureau of China, China's GDP growth slowed to 6.7% in 2016 against 6.9% in 2015, which is the worst indicator over the past 26 years, but it coincided with the official forecasts of the authorities, voiced at the beginning of 2016 of the year.


Inflation, according to the official forecast, will amount in 2017 of 3%, the registered urban unemployment rate will be equal to 4.5%, and the state budget deficit dostigent China's 2.38 trillion yuan (about 346 billion US dollars), or about 3% of GDP.


Earlier, representatives of the Chinese authorities said that China's military budget will increase by 7% this year and will make up 1.3% of GDP.


China's military budget is the second largest in the world after the United States.