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Goldman Sachs: China's GDP growth in 2018 will reach 6.5%
Nov 23, 2017

Goldman Sachs: China's GDP growth in 2018 will reach 6.5%

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Goldman Sachs in November 16th released the 2018 China Economic Outlook report, expected in 2017 China's gross domestic product (GDP) growth rate will reach 6.8%, 2018 GDP growth rate will fall back to 6.5%.

Deng Minqiang, senior Chinese economic analyst at Goldman Sachs, said on November 21st that the real estate market cooling and the credit crunch have slowed down the investment in fixed assets, leading to the expected decline in GDP growth rate.

The report believes that in 2018, China's domestic investment growth will continue to slow down, especially for the "old economy" plate investment; infrastructure construction and real estate investment in fixed assets will be reduced by three to four percentage points next year, will further decline in 2019.








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