Chinese economy to grow at 7% this year, predicts OECD

The Chinese economy will  grow by about 7% this year and 6.9% in 2016, according to the latest forecast from the OECD. Its analysts believe that the fiscal reforms that the government in Beijing is  in the process of  implementing will enable  China to avoid a sharp slowdown in growth. The government is particularly preoccupied with reducing excess production capacity and local government debt and with limiting the risk in the real estate market. 

Source: Rosbalt