- Chinese Academy of Social Science: the Chinese economy is expected to expand 6.9% in 2015
Market news
23 September 2015
Chinese Academy of Social Science: the Chinese economy is expected to expand 6.9% in 2015
According to the government think-tank Chinese Academy of Social Science, the Chinese economy is expected to expand 6.9% in 2015, down from the previous estimate of a 7.0% growth.
The think-tank noted that the slowdown was driven by a decline in investment by firms and individuals and growing debt pressures faced by local governments.
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