Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
6.5%: China scales back growth expectations
China expects slower economic growth this year in the region of 6.5%. That is lower than the 6.7% rate seen in 2016, although in line with many economists’ forecasts. The country is taking action to combat industrial over-capacity and tackle widespread pollution.
Last month BlackRock’s global chief investment strategist Richard Turnill said he viewed a breakdown in trade triggered by US protectionism as the biggest near-term risk to China. He added: ‘China’s mounting debt levels are also a concern.’