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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.
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…