25 January 2020

Think tank tips 7.5% 1Q GDP growth, paper says

China’s gross domestic product growth is expected to come in at around 7.5 percent in the first quarter while growth in the consumer price index will be about 2.4 percent, the China Securities Journal reported Monday, citing a report by the State Information Center. The think tank said the macro economy is progressing steadily, but overcapacity, financial risks and property market risks could still push down growth. The center also forecasts first-quarter year-on-year export growth to be about 8.1 percent and import growth to be 8.5 percent, the report said.

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