July 26th, a press release of Unirule Macroeconomic Quarterly Report 2017 Q2 was held at Unirule Beijing Office. Professor ZHANG Shuguang and Ms. ZHANG Chi authored the report entitled “Economic Stability with Mounting Financial Risks”.
In the second quarter of 2017, China’s GDP growth rate was 6.9%, same as the first quarter, the industrial added value grew by 6.9%, investment grew by 8.6%, and the import and export grew by 15.0% and 25.7%, a smooth growth for the first half of the year. With faster negative growth of investment and steady confidence of consumers, and better trade conditions, the economy is expected to stabilize even further. However, multiple issues were spotted in the financial sector. More measures are to be taken to mitigate the mounting risks in this sector.
Unirule Macroeconomic Quarterly Report is authored by Professor ZHANG Shuguang from Chinese Academy of Social Sciences.