China CASS: Chinese GDP to grow around 6.7% in 2016, reaching target

Bloomberg reporting a statement published by the China Academy of Social Sciences (CASS) on the Chinese growth forecasts.

Key Details:

Economy to grow at around 6.5% in 2017

CPI to rise 2.2% y/y in 2017

PPI to rise 1.6% in 2017

GDP to grow around 6.7% in 2016, reaching target

Proactive fiscal policy needed for China