ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » World News

China's economy will grow around 6.5% in 2017; yuan to continue falling: CASS Researchers

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
China's economy will grow around 6.5% in 2017; yuan to continue falling: CASS Researchers
Picture illustration taken in Beijing shows Chinese 100 yuan banknotes. Image Source: Reuters

China`s economy will grow around 6.5% in 2017, while the yuan will continue to fall, government researchers said in Beijing on Monday.

The China Academy of Social Sciences`(CASS) GDP forecast comes after China`s top leaders held a key meeting on the economy last week, where they vowed to keep China on a path of stable and healthy growth next year.

China`s economy has grown at 6.7% for the first three quarters of 2016 and is on pace to record the slowest growth rate in more than 25 years. 

The economy will grow 6.5% in the first and second quarters, and 6.4% in the third and fourth quarters, CASS said.

A key challenge will be stemming capital outflows amid a depreciating yuan, which has fallen more than 6% against the dollar this year.

ALSO READ: China's property market has bubble but won't collapse, says Wanda chairman 

The yuan will depreciate against the dollar by another 3% to 5% in 2017, Ministry of Commerce researcher Jin Bosong said on Monday.

In yuan terms, China`s exports should grow 4% to 6% in 2017, with imports up 2% to 4%, Jin said. 

CASS also forecast that consumer price inflation will be 2.2% in 2017 and producer prices will rise 1.6%. Consumer price inflation for the first 11 months of the year was 2.0%, while producer prices have fallen 2.0%.

Retail sales will rise 9.5%, while fixed asset investment will increase 8.9%. 

CASS`s forecast in December 2015 for 2016 growth was 6.6% to 6.8%. 

ALSO READ: China weakens yuan-dollar rate below 6.9 mark

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
ChinaEconomyGDPYuanconsumer price inflationBeijingChinese EconomyCASSChina Academy of Social Sciences`
Written By: Reuters
Updated: Mon, Dec 19, 2016
10:29 am
Beijing, Reuters
RELATED NEWS
China faces battle over market economy status China faces battle over market economy status
China's property market has bubble but won't collapse, says Wanda chairman China's property market has bubble but won't collapse, says Wanda chairman
China November data to show steady growth, but yuan, capital controls a worry: Reuters poll China November data to show steady growth, but yuan, capital controls a worry: Reuters poll
China weakens yuan-dollar rate below 6.9 mark China weakens yuan-dollar rate below 6.9 mark
Chinese yuan falls to sixth place among most-used world payment currencies: SWIFT Chinese yuan falls to sixth place among most-used world payment currencies: SWIFT

LATEST NEWS

Gold Rate: Why Basant Maheshwari is not so convinced about buying gold

Fresh fruits and vegetables startup Sorted raises $5M from Beenext, NB Ventures, others

Ayodhya awaits high tourist footfall in Navratri 2023

Padma Awards: Industrialist Kumar Mangalam Birla, late stock market investor Rakesh Jhunjhunwala awarded

CCL 2023 Semi Final Live Streaming: When and where to watch Celebrity Cricket League Live match on TV, Online and Apps

Traders' Diary: Buy, sell or hold strategy on SBI, Bajaj Finance, Tata Motors, Vedanta, IndiGo and 15 other stocks today

Earthquake in Delhi: 2.7 magnitude earthquake strikes national capital

A 1,300% dividend may not guarantee a 'buy' rating; Citi maintains 'sell' on Hindustan Zinc

Delhi Budget 2023: Government presents Rs 78,800 crore budget, earmarks Rs 16,575 crore for education

PM Modi unveils 6G test bed, industry hails move

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV