WHY A COOLING IN CHINA’S ECONOMY WOULD BE A GOOD THING

As a major driver of the global economy, China’s stronger-than-expected growth last year is sure to cheer investors both at home and abroad. The 6.9 per cent expansion of gross domestic product (GDP) in 2017, helped by a government stimulus and an improving environment for global trade, eclipsed the 6.7 per cent recorded in 2016 and surpassed the 6.5 per cent growth target set by the government.

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