CASS report sees signs of new growth momentum

China's industrial growth has most probably broken free from the danger of a sharp downturn in 2016, according to a group of economists with the Chinese Academy of Social Sciences.

A newly published research paper by the CASS Institute of Industrial Economics states that although the growth of Chinese industry is at its lowest point since 1992, new growth momentum is gaining power. "The economy is still in the middle of changing gear," the paper says, forecasting that for the whole year, large industrial enterprises will maintain an average growth rate of between 5 and 6 percent in year-on-year terms.

That won't be significantly lower than 2015, when the overall industrial growth was 6.1 percent.