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Chinese GDP Data<br />
Reports-C Release in<br />
January 2017<br />
Cover Story<br />
The Chinese economy has witnessed tremendous<br />
growth in the last few decades that triggered such<br />
change in the country's economy, which<br />
ended up in making it the world's<br />
second-largest economy.In1978<br />
when China started the idea<br />
of economic reforms- then<br />
the country was in the<br />
ninth position in terms<br />
of gross domestic<br />
product (GDP) with<br />
USD 214 billion and<br />
now after 35 years,<br />
it has acquired second<br />
place with a nominal<br />
GDP of USD 9.2 trillion.<br />
These days, China<br />
keeping its 3.0%<br />
fiscal deficit target,<br />
analysts expect that<br />
policy support will remain<br />
strong mainly through<br />
using the off- budget<br />
methods. On the monetary<br />
policy side, the credit growth<br />
target has been set low, which<br />
implicates narrowing the options for this year.
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