During the fourth quarter of 2017, the Chinese economy maintained its year-on-year growth rate stable with respect to the previous quarter, at 6.80%. On the other hand, the y/y growth of the national demand experienced a deceleration with respect to 2016, with a rate of 6.27% in 2017. Regarding the labor market, the unemployment rate went down by 0.05 p.p. when compared to the third quarter of 2017, reaching 3.90%. The renminbi appreciated against the dollar, registering an exchange rate of 6.59 RMB/$. Lastly, the inflation stood at 1.80%.
For more information, click here to access the executive document in pdf.
© GMS Management Solutions, S.L., 2018. All rights reserved. The information contained on this publication is of a general nature and does not constitute a professional opinion or an advisory service. The data used in this publication come from public sources. GMS Management Solutions, SL assumes no liability for the veracity or accuracy of such data.