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Last Updated : Jun 08, 2016 11:28 AM IST | Source: Reuters

China central bank maintains 2016 growth forecast of 6.8%

The People's Bank of China said bond default risks could rise amid deleveraging and government plans to slash overcapacity, and that could affect fundraising.


China's central bank said on Wednesday it was keeping its economic growth forecast for the year steady at 6.8 percent, but it now expects exports to contract and fixed asset investment to grow more strongly than previously forecast.


The People's Bank of China said bond default risks could rise amid deleveraging and government plans to slash overcapacity, and that could affect fundraising.



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First Published on Jun 8, 2016 09:49 am
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