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Central bank paper forecasts 6.8% rise in GDP


06-08-2016 15:12 BJT

China's economic growth will remain robust this year, according to a working paper by the country's central bank. The paper revised some of its predictions made in December.

The overall economy would gain 6.8 percent, unchanged from previous forecast. Fixed asset investment is to rise 11 percent, up two tenths of a percentage points. Export sector suffered from a revision down 4.1 percentage points, to minus one percent due to weak global demand.

The Consumer Price Index, or the broad measure of inflation, is expected to gain 2.4 percent, on back of food prices and commodity price uptick. The paper cited real estate investment, industrial profits, and macro economic policy as favorable conditions for the growth.

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