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.


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