Reuters poll: Chinese economy will ascend 6.6% in 2017

Reuters poll: Chinese economy will ascend 6.6% in 2017

China's economic surge is expected to top the government objective to hit 6.6% this year, tempering initial concerns of a steeper slowdown as the Chinese government walks a policy tightrope with its attempt to crackdown on financial risks and also restrict damage to the national economy.

An upturn in global demand for China’s goods could soften the impact on surge from curbs on property as well as debt risks that have witnessed a moderate tightening in monetary conditions, as financial experts tell.

The Chinese government has targeted annual surge of approximately 6.5% this year, sliding from the 6.7% pace clocked last year - the slowest for 26 years - as the government stepped up its campaign to wean the national economy off its reliance on years of low-cost credit.

Surge in the world's number two economy is expected to keep cooling to 6.3% next year, as the Reuters survey of 65 economists states.



Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

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