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在线翻译:
szdaily -> Business_Markets -> 
Economy expected to slow to 6.5% in 2018
    2018-01-17  08:53    Shenzhen Daily

CHINA’S economy is expected to cool this year as a government-led crackdown on debt risks and factory pollution drag on overall activity, a Reuters poll showed yesterday.

The government is in the second year of a relentless campaign to wean China off its debt-heavy investment model, clamping down on everything from speculative property lending to shadow-bank financing activities as policymakers look to foster sustainable longer term growth.

That has pushed up borrowing costs and taken some of the momentum off the world’s second-largest economy, especially in the final months of 2017, with a growth forecast of 6.5 percent this year, according to economists from 70 institutions surveyed.

It was slightly above the poll’s October forecast of 6.4 percent growth, but still lags behind the survey’s 2017 projection of a 6.8 percent increase.

A government-led infrastructure spending spree, which partly contributed to better-than-expected growth last year, may “fare below expectations” due to tighter financial scrutiny, said Zhang Yiping, an analyst with China Merchant Securities.

A crackdown on factory pollution, which has shaved industrial output, is also expected to dent the broader economy.

“Probably you’re going have a compounding impact on growth from all these piecemeal policies,” said Qu Hongbin, greater China chief economist at HSBC.

“Separately they all look great, but when you put that together at the same time, you may end up with even greater downward pressure on growth than the policymakers like to see.”

China will keep its target for economic growth at “around 6.5 percent” in 2018, unchanged from last year, policy sources said. China will announce the fourth quarter and 2017 economic growth tomorrow. (SD-Agencies)

 

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