The most difficult period for Chinese regions that posted anemic growth has almost come to an end, with economy returning to moderate growth, said an expert of the Chinese Academy of Macroeconomic Research (CAMR), one of China’s top economic think tanks.
Shen Bing, deputy director of the Institute of Spatial Planning and Regional Economy under CAMR stated that Chinese regional economy showed a steady growth in the first half of 2017 and the regions that registered relatively fast growth maintain good momentum and continue to outperform the rest, with improved growth coordination.
Looking forward, regional economic growth is expected to make progress in the second half of the year, albeit at a slightly slower pace, as infrastructure investment-led high-growth economy may run out of steam, Shen predicted.
2017 Chinese Regional Economy H1 Review and Outlook for H2.pdf
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