china growth

China officially reduced its economic growth estimate for this year to a range of 6.5%-7%, after expanding 6.9% (its slowest pace in a quarter of a century) in 2015.

China has a conflict of growth and reforms. China’s forex reserves have come under close scrutiny in recent months. Capital outflows, as well as the ability of policymakers to support the yuan, are being watched.

China’s foreign currency reserves dropped in February to 3.2 trillion dollars. That’s the lowest level since 2011.

This article was the source for this post.

Published by mikebertelsen

Global market, trade, and financial news. I keep up to date with what I assess is important.

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