Date
16 October 2018

Economy to grow about 7% in foreseeable future, website says

China’s economy may grow about 7.5 percent or 7.6 percent this year but slow to 7 percent for the foreseeable future, news portal sina.com reported Friday, citing Yi Gang {易綱}, deputy governor of the People’s Bank of China. Property prices and local-government debt are under control, Yi was quoted as saying during a panel discussion of the International Monetary Fund in Washington Tuesday. Even if economic growth eases to 7 percent, it is still high by world standards, the report said. 

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