Asia Pacific: Economic overview
China’s GDP growth is forecast to pick up pace this year, but will slow in 2018.
China’s GDP growth is expected to be 6.8% in 2017, up from 6.7% in 2016, according to the latest outlook from the International Monetary Fund (IMF). Economic expansion has been better than forecast so far this year as the successful implementation of reforms has boosted growth. The rate of expansion will ease next year, with GDP growth forecast to be 6.5%. However, this is an improvement from the IMF’s previous forecast for 2018 as strong public investment is expected to support growth. China’s gas demand is expected to continue to boom over the remainder of 2017 as its GDP continues to grow and it rolls out gasification policies to support increased use of the fuel.