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DATA pipeline this week includes balance of trade, exports and imports data for the month of June as well as producer price index (PPI). The Department of Statistics is expected to announce the external trade data tomorrow and PPI on Wednesday.
SHANGHAI: China will face great difficulty in achieving economic growth above 6.5 percent over the 2016-2020 period due to slowing global demand and rising labor costs at home, the China Securities Journal quotes a top state adviser as saying.
China's economy is showing clear signs of stabilisation, helped by policy support and some improvement in global demand, and is on track to meet the government's 2013 growth target of 7.5%, the state statistics bureau said on Monday.
BEIJING: China will keep its target for economic growth at “around 6.5%” in 2018, unchanged from last year, policy sources told Reuters, as it seeks to balance efforts to reduce debt risks while keeping the world’s second-largest economy stable.
SHANGHAI: China should set an economic growth target of around 6.5% for 2017, although it is very likely that it will be able to exceed that level, the State Information Centre said.
WASHINGTON: U.S. business spending intentions weakened in April for a third straight month amid soft demand for machinery, but a surge in contracts to purchase previously owned homes to a 10-year high supported views economic growth was gaining speed.