China's GDP likely to increase by 6.5-7.0 percent in 2016

The State Council of the China has announced in the outlines of the national economic and social development for the 13th Five-Year Plan (2016-2020) that China's gross domestic product (GDP) will likely increase by 6.5-7.0 percent in 2016.

In addition, the China’s consumer price index (CPI) will likely increase by 3 percent in the year in question.