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China's Economy Advanced by 6.7% in 2016


January, 20 2017
watermark Economic news

China being the world's biggest importer of goods and services has big impact on global trading. The economy of China rose by 6.7% in 2016 which is lower than last year with 6.9% according to reports. This is their slowest progress since 1990. The current numbers are between the target growth rate of 6.5 percent and 7 percent.

The rebound since the October last year may not continue for this year as the decline of the property market and the potential risks brought by the changes between U.S. and China trade ties with U.S. changing its governance this year. However, there are speculations that the actual figures are much lower compared to what the data shows.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.