| China is no longer a driver of commodity demand, rather it has become a constant factor that can be relied upon to import relatively steady volumes of major natural resources. Both China's central bank and a respected think-tank expect further moderation in the economic growth rate next year, which underscores that the world's second-largest economy is still undergoing a structural transformation, but is unlikely to fall victim to a hard landing.
The People's Bank of China said in a paper published on Wednesday that annual growth will slow to 6.8 percent in 2016, from an estimated 6.9 percent this year...............................................Full Article: Source
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