15.12.2014 - China's GDP will grow less than expected
People's Bank of China today issued a report according to which forecasts of GDP growth of the second largest economy in the world will slow down the growth rate to 7.1% in 2015, compared to 7.4% this year. The reason for the slowdown According to representatives of the bank has been the transformation of the economy. It is expected that the main reason for the slowdown will be a decline in investments in the construction sector in China, the problems which are the main risk for the growth in the region. We predict a decrease of Chinese indexes and expect further deterioration in the economy.