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China expects slower economic growth this year in the region of 6.5%. That is lower than the 6.7% rate seen in 2016, although in line with many economists’ forecasts. The country is taking action to combat industrial over-capacity and tackle widespread pollution.
Last month BlackRock’s global chief investment strategist Richard Turnill said he viewed a breakdown in trade triggered by US protectionism as the biggest near-term risk to China. He added: ‘China’s mounting debt levels are also a concern.’
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