China’s official stats may be opaque, but Beijing’s commitment to growth is not, and economists are raising their forecasts as government stimulus pours in
Aflood of government spending has caused economists to raise their forecasts in line with Beijing’s 6.5 percent to 7 percent annual growth target, despite the difficulty of obtaining reliable statistics about the nation's financial health. "It's difficult to be precise about the growth, but it’s pretty easy to get it generally right. We’re just saying that the government is serious about its target and will use stimulus to achieve it," said one analyst.
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Oct 21, 2016