Asia Pacific: Economic overview
Contraction and weak growth are forecast for the region’s largest economies.
China’s economic expansion is expected to slow over the next two years. The country’s GDP growth is expected to fall to 6% by 2018 from 6.9% in 2015. Weakening demand for exports was one of the factors that hit growth last year, and will continue to limit the upside for growth this year. Despite this, China’s gas market is expected to expand in 2016. Chinese demand for gas increased by 10% year on year in March.