Chinese GDP Data Reports
Chinese GDP Data Reports, The Chinese economy has witnessed tremendous growth in the last few decades that triggered such change in the country’s economy, which ended up in making it the world’s second-largest economy. In 1978—when China started the idea of economic reforms—then the country was in the ninth position in terms of gross domestic product (GDP) with USD 214 billion and now after 35 years, it has acquired second place with a nominal GDP of USD 9.2 trillion.
These days, China keeping its 3.0% fiscal deficit target, analysts expect that policy support will remain strong mainly through using the off-budget methods. On the monetary policy side, the credit growth target has been set low, which implicates narrowing the options for this year.
Now, people are expecting too much from upcoming meeting of Xi Jinping and Donald Trump in April, which could help to eliminate or stand down the tension between the two nations, particularly over trade policy. Chinese economists are prepared to announce a lower economic growth target for 2017 to around 6.5 percent