Premier Li: China can still reach 2017 growth target despite risks
China aims a 6.5% of growth in 2017 following last year’s 6.7%, which has been the slowest rate within the last 26 years.
Premier Li also pointed out that China’s economy was able extend the first quarter’s steady and improving momentum to the second quarter and the country is ready to confront all possible economic challenges and risks.
Although China’s economy posted a 6.9% of growth in the first quarter of this year, several factors including stricter monetary policies coupled with the slowdown of investments and housing market are supporting expectations towards a loss of momentum in the months ahead.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- PLAST EURASIA 2022: Eyes on Russian and US supplies with demand woes in focus
- December PE offers to SE Asia imply further drops, yet to respond to China
- Has the bear market for Asian PVC almost run its course?
- Demand outlook for crude oil dims amid China worries
- Asian styrene prices rebound from almost two-year lows
- Turkey’s PE market on brink of new drops for December
- Signs of optimism in China PP and PE markets, but caution remains
- Egypt’s import PP, PE markets flat but domestic prices turn upwards in Nov
- PVC downturn enters 7th month, prices still far from pre-pandemic levels in Europe
- Aggressive US PE offers make a scene across global markets in Q4 after a hiatus of 2 years