China’s growth forecast raised ...News

Russia Today - Economy
China’s growth forecast raised
source : Russia Today ( News ) () 140
The country’s economy is projected to expand by 5.3% next year, according to a macroeconomic research agency The Chinese economy is expected to grow by 5.3% this year as the property sector recovers and external demand improves, the ASEAN+3 Macroeconomic Research Office (AMRO) said on Monday. In its latest report, the Singapore-based group noted that stabilization in China’s property sector along with ongoing policy support will boost real estate investment and drive growth in the ASEAN+3 region, which consists of Southeast Asian nations plus Japan, China, and South Korea. AMRO’s projection is higher than China’s

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