China's 2015 GDP growth hits 6.8 percent
(MENAFN) China's 2015 GDP growth forecast has been maintained at 6.8 percent, as further policy support and export recovery is expected to help boost the sluggish economy, said UBS bank, QNA reported.
UBS forecast the first quarter of 2015 gross domestic product (GDP) growth would weaken further sequentially, weighed down by the ongoing weakness of property construction and infrastructure related funding issues.
The economy is expected to pick up in the second quarter as funding issues are resolved and policy uncertainties are reduced when the National People's Congress (NPC) meet in March to release key polices related to the issue.
China's GDP grew 7.4 percent in 2014, its weakest expansion in 24 years.
UBS forecast the first quarter of 2015 gross domestic product (GDP) growth would weaken further sequentially, weighed down by the ongoing weakness of property construction and infrastructure related funding issues.
The economy is expected to pick up in the second quarter as funding issues are resolved and policy uncertainties are reduced when the National People's Congress (NPC) meet in March to release key polices related to the issue.
China's GDP grew 7.4 percent in 2014, its weakest expansion in 24 years.
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