Moscow. December 7. Research Institute under the State Commission for development and reform Commission (NDRC) of China predicts a slowdown in growth, China’s GDP in 2016 to 6.5%, according to MarketWatch.
As reported in the third quarter of 2015, China’s GDP grew by 6.9%, after rising 7% in the previous three months. The government expects an increase of GDP in 2015 to 7%.
Estimated State Information Center (SIC), consumer inflation in China next year will reach 1.5%, whereas producer prices decreased by 3.5%.
SIC experts note that the Chinese economy is flexible and still has potential to grow.
In their view, the pace of economic recovery in the country may be higher, if China is intensifying its economic restructuring. In particular, they see a good potential for increasing domestic demand, given the large size of the consumer market of the country.