China’s growth may hit 6.9 per cent next year

Li Daokui, economist at Tsinghua University and former member of the People’s Bank of China’s monetary policy committee, said that China’s growth remains solid and is expected to reach 6.7 per cent this year and 6.9 per cent next year. However, the policies of US President Donald Trump, could bring geopolitical uncertainty and affect China’s growth prospects for 2018.

Li spoke last week at three-day Annual Meeting of the New Champions 2017, also known as Summer Davos, in Dalian, China.

China’s Premier Li Keqiang opened the conference with a commitment to inclusive growth. “More inclusive growth in our country has been an important reason why the Chinese economy has maintained steady growth in recent years despite the sluggish world economy”, said Premier Li. His full speech can be found here.