Nov 27, 2015
What to expect from China’s PMI next week?
Chinese growth dipped to 6.9 per cent in the third quarter. All indicators so far have pointed towards a slowdown of the economy. Growth is likely to resume a downtrend in 2016 on structural headwinds. Chinese authorities estimated annual average economic growth to be around 6.5% between 2016 and 2020, far less than the 9 per cent GDP growth it had recorded back in 2009 when the developed economies of the world was struggling with financial crisis.
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