CHENGDU, Jan 12 (NBD) -- Chinese Academy of Social Sciences (CASS) expects Chinese economy to grow at the rate of 6.5% this year, CPI up 2.6%, PPI up 3%, real estate investment up 4.4%, money supply and credit up 12.5% and 12.8%, respectively.

It said Chinese economy in 2017 is likely to face five aspects of risks including external shocks, underlying risks in the real estate market, slowing export under international economic circumstances, pressure of capital outflow and RMB devaluation.

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