China's economy grew a slightly more than expected 6.8 percent in the fourth quarter, supported by higher government spending and record bank lending. China's economy expanded 6.7 percent in 2016, meeting expectations, official data showed on Friday. Among them, China's fixed-asset investment, a key gauge of construction activity, went up 8.1% in 2016 from the year before, the slowest full-year expansion since 1999.
Those restrictions are likely to be kept throughout 2017, while Beijing looks to develop a long-term mechanism to stem speculation, a government think tank was reported as saying in December.
"The governor of Liaoning province, the only area in China in a recession, now says three years of recent economic figures were inflated - a rare official confession of data fabrication that has always been suspected and criticised", the Caixin magazine reported.
China's coal production fell 9.4 per cent for the full year, compared to 2015.
Lately, China's economy has experienced a screaming rise to almost hit the official rate.
Credit growth remains robust with shadow banking making a comeback, fuelling concerns deleveraging isn't happening despite official pledges.
"This is the third consecutive year of modest growth at constant exchange rates, and it represents a new normal in which luxury companies no longer benefit from a favorable market and free-spending consumers", Bain said in the report.
That temporary upturn is unlikely to last, economists said.
However, it said that industrial output growth slowed for the year, down to 6 per cent from 6.1 percent in 2015. Capital Economics' proxy estimate of GDP growth rose to 6.4% in the past quarter, and other economists have concluded that the Chinese economy has been booming of late.
The good news is the rebalancing is progressing nicely - in fact consumption continues to account for nearly two thirds of growth in 2016. But, this might not raise the interest rates despite an expected pick-up in inflation.
The housing market slowdown follows government-mandated property curbs in an attempt to control the red-hot real estate market toward the end of past year.
Growth in property investment quickened significantly in December to 11.1 percent, from an increase of 5.7 percent in the previous month, according to Reuters calculations, even as house prices showed signs of further cooling in some major cities.
The corporate debt of the country has climbed to 169 percent of GDP with the worldwide institutions repeatedly urging Beijing to act quickly in order to tackle the problem to avoid a financial crisis.
As a result we have not taken any decisions as to what our eventual response will be". 'We're slowing down that decision'. HSBC shares closed 1.8 percent up, against a 0.2 percent fall in the broader European banks index.
Visitors to Orlando can now have an audience with Donald Trump - actually, a life-size wax figure of the 45th president. Not to mention, wax Donald's orange glow is noticeably on point and his toupee looks more secure than usual.
Thanks to global trade, China has done rather well for itself over the past 40 years, lifting hundreds of millions out of poverty. Trump has promised to impose stiff tariffs on nations like China and Mexico that he deems have an unfair advantage over the U.S.
Only a handful of areas on the east bank remained to be cleared, including the neighbourhood of Rashidiyah, commanders said . Almost 12,500 people have been forced to flee their homes just over the past week, the United Nations said.
If you're looking to pre-order a Nintendo Switch , you've come to the right place to find the latest and best prices . Low stock/limited stock for the Switch during pre-orders was concerning to say the least, but not surprising at all.
Another mum Stephanie Oprea , a year ago posted similar images online of mould growing inside her child's Sophie the Giraffe toy. Schraenen goes on to say in the statement that "the safety of children and satisfaction of their parents is our main priority".
In the next month, production is set to increase to 40,750 barrels per day (bpd), after witnessing a three month decline. OPEC's own supply should reach 32.5 million bpd some time before the end of June, as per the agreement.
The Packers have made it this far, but do they have enough to beat Atlanta? At a minimum, we can call that a draw. Fortunately for him, the team survived and gave him a chance to return for the NFC Championship Game .
An estimated half million spectators jammed area roads and beaches to watch the final liftoff of a piloted Saturn 5. He became the 11th person to step foot on the lunar surface; the lunar module pilot, Jack Schmitt, was the 12th.
However, the Red Devils are on the rise at the moment, having gone 16 matches unbeaten in all competitions. Jose Mourinho insists Manchester United have the best right-back available in Antonio Valencia.
Additionally, eight months of the year set their own records for being the hottest of that month since record keeping began. The El Niño phenomenon played a role but scientists suggest the main factor was human emissions of CO2.
Aside from these, iPhone 8 is speculated to have its wireless charging feature, which Energous CEO Steve Rizzone has hinted at. Just recently, a report from Mac Otakara claimed that Apple was extending its battery exchange program to cover the iPhone 6.
This Map Of Women's Marches Across The US Will Inspire You
But if you're really into the idea of marching, there are literally hundreds of " sister marches " going down across the world. Tomorrow morning she's flying to Washington D.C.to join hundreds of thousands of people for the Women's March on Washington .
Injustice 2 - Story Trailer Released
Injustice 2 releases on May 16 in North America and May 19 in the United Kingdom for PlayStation 4 and Xbox One in North America. NetherRealm's newest game 'Injustice 2′ just got a new story trailer and the hype for the upcoming game got so much bigger.
Raiders Have Filed Paperwork To Relocate To Las Vegas
Las Vegas Raiders? The franchise has taken the next major step in its effort to relocate from Oakland to Sin City. . The Raiders made no immediate comment. "Oakland is an incredible sports town that deserves world class facilities".
NCIS: Los Angeles Star Miguel Ferrer Dies at 61
Ferrer will appear in Showtime's upcoming revival of the series to reprise his character. "He will be greatly missed". The reliable character worked frequently in both TV and films like " Traffic " and "Iron Man 3".
Kinder Morgan Inc (KMI) Fails to Impress With Q4 Earnings
Finally, Brookfield Asset Management Inc. boosted its position in shares of Kinder Morgan by 164.4% in the second quarter. The stock was acquired at an average price of $21.41 per share, for a total transaction of $14,987,000.00.
49ers closing in on Kyle Shanahan as their next head coach
The Falcons' offensive coordinator reportedly will accept the 49ers' head coaching gig after Tom Cable withdrew his name Tuesday. When that will be is contingent upon how the Falcons perform in the NFC Championship against the Green Bay Packers on Sunday.
South Korea seeks arrest of Samsung heir as bribery suspect
The investigators are looking into corruption and bribery allegations concerning the president of South Korea and her associates. Experts predicted the situation could also have a negative impact on Samsung's mergers and acquisitions with leading companies.