China - Economic forecast summary (June ) Economic growth is set to edge down further, from % in to % by Large-scale infrastructure spending will only partly make up for slowing business investment as overcapacity is being worked off in several industries. Data and research on economy including economic outlooks, analysis and forecasts, country surveys, monetary and financial issues, public finance and fiscal. did not modify the projections for China's GDP growth; see 'World Economic Outlook update: Subdued demand, diminished prospects', IMF, 19 January
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Although still solid, economic growth has slowed.
Inthe Chinese economy missed its 7. Investment in manufacturing and infrastructure is slowing as the nation shifts from an investment driven growth model to one more focused on consumer demand.
The current account has recorded a surplus in every year since The capital account followed suit and only recorded two deficits in the last 20 years. This situation of china economic outlook 2016 in the both the current and the capital put pressure on the national currency and prompted the Central Bank to sterilize most of the foreign currency that entered the country.
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The current account surplus reached its peak inwhen it represented Since then, however, the surplus has since narrowed as the currency strengthened and domestic demand increased.
In this regard, Chinese authorities china economic outlook 2016 started to implement some measures, such as removing a cap on foreign-currency deposit rates in Shanghai and releasing some controls on the currency.
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FDI has performed strongly in the last decade, with record inflows of USD billion inthereby becoming the second largest recipient of foreign investment. Total trade multiplied by nearly to USD 4.
This situation fostered trade china economic outlook 2016, particularly after China joined the World Trade Organization in As an economy highly integrated into the global trade system, the country benefited from a steady improvement in its terms of trade since Moreover, the country has engaged in several bilateral and multilateral trade agreements that have opened new markets china economic outlook 2016 its products.
However, since the end of the commodities super cycle at the end ofglobal commodities prices have fallen partially due to a decrease in demand from China.
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Imminent risks stemming from trade frictions have receded, but the large number of unresolved issues will china economic outlook 2016 tensions high.
Spending should be targeted at areas that promote long-term inclusive growth, such as ensuring equal access to public services and extending the social safety net.
Productivity gains are becoming the main engine china economic outlook 2016 improvements in living standards as capital-deepening-led growth has run its course. This calls for fostering innovation and entrepreneurship. These efforts should intensify, with the overarching priority being to focus more on the quality and sustainability of growth, and less on quantitative targets.
To grow strongly, but also sustainably, China needs to boost consumption.