China’s GDP growth to reach 6.9% in the first quarter of 2017, analysts forecast

Almaty. April 4. Silkroadnews – China’s GDP growth in the first quarter of 2017 could raise to 6.9% due to increased activity in the industrial sector and domestic demand growth, report released by the China International Capital Corporation (CICC) says, Xinhua news agency writes.

The experts project the consumer goods’ retail sales growth to amount to 10.2% year-on-year. In January-February retail sales increased by 9.5%.

According to the CICC forecast, in March growth in industrial production could slow down to 6.1%, though over the first two months of the year the volume of production grew by 6.3%.

CICC also predicts that growth in fixed assets investment for January-March is expected to amount to 8.4%, while the consumer price index is projected to grow by 0.9% in March.