According to the report published today by the Chinese Academy of Social Sciences economic growth rate will amount to 6.5% in 2017. This year, China's GDP will grow by 6.7%.

The report noted that against the background of decline in world trade, igures in 2016 were the weakest since 2008, is expected a slowdown in the Chinese economy. "Low growth in global demand, reducing private investment and foreign capital companies in the Chinese economy, as well as the slowdown in domestic consumption and the excessive growth of mortgage lending were the main reasons for the slowdown of the Chinese economy", - the report says.