The Institute of Finance and Trade Economics (IFTE) of the Chinese Academy of Social Sciences (CASS) has stated in its quarterly analysis of China’s macro-economic situation that the country’s gross domestic product (GDP) is expected to increase by 6.8 percent in the first quarter of the current year and by 6.7 percent in first half of the year, both year on year.
In both the first and second quarters of 2016, China’s GDP increased by 6.7 percent year on year.