economic restructuring: Although it has been predicted that China GDP will come in under 7 percent in the first quarter, the stock market continues to thrive, according to Global Times China. Many new investors have entered the market since March. Generally speaking, the bull market of 2015 is beneficial for economic development, according to Xu Hongcai, head of the department of information at the China Center for International Economic Exchanges. Experts said that the pressure of economic restructuring can be relieved by the stock market. Economic growth has slowed, yet investors remain confident, believing the recently implemented reforms will drive share prices higher. The economy is more different than it was the last time the index reached 4,000 in 2007.
(news.financializer.com). As
reported in the news.
Tagged under economic restructuring, China GDP topics.