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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

China's Economy Advanced by 6.7% in 2016

January, 20 2017
watermark Economic news

China being the world's biggest importer of goods and services has big impact on global trading. The economy of China rose by 6.7% in 2016 which is lower than last year with 6.9% according to reports. This is their slowest progress since 1990. The current numbers are between the target growth rate of 6.5 percent and 7 percent.

The rebound since the October last year may not continue for this year as the decline of the property market and the potential risks brought by the changes between U.S. and China trade ties with U.S. changing its governance this year. However, there are speculations that the actual figures are much lower compared to what the data shows.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.