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