Chinese GDP revised lower – PBoC

FXStreet (Edinburgh) – The PBoC is now seeing the domestic economy expanding 7.0% during the current year, down from previous estimates at 7.1%. Furthermore, it now expects consumer prices to rise at an annual pace of 1.4% during 2015 vs. 2.2% previous, Exports growing 2.5% (vs. 6.9% prev.) and Imports contracting 4.2% (vs. 5.1% prev.).

The PBoC is now seeing the domestic economy expanding 7.0% during the current year, down from previous estimates at 7.1%. Furthermore, it now expects consumer prices to rise at an annual pace of…

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