Image Source: wikimediaA new Asian Development Bank report
says that growth in the People's Republic of Chinais expected to ease further
in 2016 and 2017 amidst weak external demand and slowing investment. But
strength in consumption and services and ongoing government spending will
support the world's second-largest economy. In its new Asian Development
Outlook (ADO) 2016, ADB forecasts gross domestic product (GDP) growth of 6.5%
in 2016 and 6.3% in 2017 for the PRC. In 2015, GDP growth was 6.9% and in 2014
at 7.3%. ADO is ADB's flagship annual economic publication.
Source : steelguru