In China declared stable economic growth in the second quarter

© AFP 2017 / STRКитайский yuan. Archival photoIn China declared stable economic growth in the second quarter© AFP 2017 / STR

China’s economy in the second quarter has maintained a good development trend and has gone on improving, said Tuesday the Premier of China Li Keqiang.

«Based on the information available to us at the moment statistical data, in the second quarter, China’s economy has maintained a good development trend and went in the direction of improvement, as in the first quarter. From the beginning, the effectiveness of the structure of the Chinese economy has significantly improved,» said Li Keqiang at the opening ceremony of the summer session of the world economic forum in the Chinese Dalian.

The growth rate of China’s GDP in 2016 slowed to 6.7% versus 6.9% in 2015, which was the worst figure for the last 26 years, but this coincided with the official forecast of the authorities, made public early last year. The authorities have set the bar GDP growth this year at 6.5% and higher.

In the first quarter of this year GDP grew by 6.9%.

Last week experts from the International monetary Fund (IMF) after the annual review of China’s economy predicted growth of GDP in 2017 at 6.7% and on average by 6.4% in 2018-2020.

Li Keqiang at the beginning of the year, said that stability will be the most important factor for the economy this year.

The Chinese government predicts that the rate of registered urban unemployment in 2017 will amount to 4.5% against 4,02% in the previous year. Authorities said that the current year will be created over 11 million jobs. It is expected that inflation this year will amount to 3%. China will continue to adhere to the proactive fiscal policy and conservative monetary policy. The deficit of the state budget in 2017 will amount to 2.38 trillion yuan (about 346 billion), or 3% of GDP.