Fitch expects China's GDP growth in 2015 by 6.5-7%

Date: 13:01, 02-09-2015.

Almaty. September 2. Silkroadnews - Fitch expects China's GDP growth in 2015 by 6.5-7%, reported the newspaper "Vedomosti", with reference to the analyst on sovereign ratings of Asia-Pacific region Andrew Kolkuhun.
He believes, it is unlikely that Chinese economy will have "hard landing" and hopes for increased growth in the remainder of this year.
Fitch estimated China's GDP in 2015 to grow by 6.5-7%, in 2016 - by 6-6,5%.
In the II quarter of this year China's GDP growth amounted to 7%, remaining at the level of the first three months of 2015
"Intervention of the Chinese authorities in the stock market does not affect the ranking of China", - the newspaper quoted A.Kolkuhun.
The expert noted that domestic consumption in China remains "stable" despite the downturn in the stock market.
Issuer Default Rating (IDR) of China Fitch scaled at A +.

Share the news: