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China's CB expects 6.8% growth in 2016

China's central bank said today that the economy will likely grow, in 2016, by 6.8%, with its shrinking exports finding support from the nation's fixed asset investment growth.

China aims to manage overcapacity

The companies' ability in raising funds could be affected amid the current risks on bonds, and the attempts of the government to manage overcapacity wisely.

According to the PBOC, many changes were noticed on the domestic and global economic activity since the start of 2016.

China's macroeconomic forecasts stabilized at 6.8%. The central bank upgraded its fixed asset investment growth by 0.2% to 11%.The nation minimized its forecasts on growth by 4.1%.

Furthermore, the exports were far lower than the initial estimations as the worldwide demand remains weak.

The consumer price inflation (CPI) is expected to appreciate, this year, by 0.7%, reaching the 2.4% zone for 2016. China's first quarter growth recorded a 6.7% gain.

Moreover, the majority of the analysts and economists stated that a quick recovery cannot take place, at least, anytime soon.

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Wednesday, 08 Jun, 2016 / 8:33

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/china-s-cb-expects-6.8-growth-in-2016

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