Econ­omy show­ing signs of im­prove­ment; out­look good

China Daily (Latin America Weekly) - - 4 China - By WANG YANFEI wangyan­fei@chi­nadaily.com.cn

fac­tur­ing, was faster than that of tra­di­tional sec­tors dur­ing the pe­riod, the com­mis­sion said.

The na­tion’s power gen­er­a­tion in­creased by 10.04 per­cent year-on-year in the first six days this month, up by 4.62 per­cent­age points over the same pe­riod last year, it said.

With an im­prov­ing eco­nomic struc­ture, the econ­omy is ex­pected to grow by around 6.8 per­cent in the first quar­ter, which was fore­cast ear­lier by Bank of China.

Tuan Huynh, Asia-Pa­cific chief in­vest­ment of­fi­cer at Deutsche Bank Wealth Man­age­ment, said the gov­ern­ment can im­ple­ment more re­forms to fur­ther ad­just the eco­nomic struc­ture and stim­u­late more bal­anced growth while pre­vent­ing fi­nan­cial risks.

Huynh said he be­lieved China can be ex­pected to edge into the high-in­come econ­omy cat­e­gory in the next five years. It is ca­pa­ble of deal­ing with key chal­lenges — such as its grow­ing pop­u­la­tion and over­com­ing the mid­dle-in­come trap — with an ex­pected con­tin­ued rise of per capita GDP, he said.

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