2016 China Overview - Economy

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Though China is the second largest economy in the world, China’s GDP growth slowed down in 2015. And China’s economy is predicted to move downturn in the next 3-5 years. Yet from the perspective of the overall industrial structure, service industry constitutes a growing proportion, with some high added-value and high-tech industries developing rapidly. Over the next few years, supply-side reform will be implemented to realize structural optimization, with other major economic measures in place, such as cutting overcapacity, reducing housing inventory, lowering leverage, cutting corporate costs, etc.

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