LINE

Text:AAAPrint
Economy

China's GDP may grow 6.9 pct in 2017

1
2018-01-15 08:46Xinhua Editor: Gu Liping ECNS App Download

Chinese experts say that China's GDP growth may reach 6.9 percent in 2017.

Xu Hongcai, an economist with the China Center for International Economic Exchanges, said such a rate is attainable as performance has exceeded expectations.

The country's economy expanded by 6.9 percent in the first two quarters of 2017 and slowed slightly to 6.8 percent in the third quarter. Overall growth for the first three quarters was 6.9 percent, above the government's annual target at around 6.5 percent.

Foreign trade recovered last year, consumption demand remained steady and high-tech sectors became stronger, Xu said.

Foreign trade rose 14.2 percent year on year in 2017, ending two years of drops, the General Administration of Customs said Friday.

The National Bureau of Statistics (NBS) is scheduled to release key economic data of China Thursday.

Ning Jizhe, head of the NBS, said at a forum held in Beijing Saturday that the Chinese economy "showed sound momentum last year and did better than expected."

On Thursday, the bureau will release Q4 and full-year GDP figures along with a series of other economic indicators, including industrial output, fixed asset investment, retail sales and home prices in large cities.

The World Bank last month raised its forecast for China's economic growth in 2017 to 6.8 percent, up from the 6.7 percent it projected in October, citing stronger personal consumption and foreign trade.

The International Monetary Fund also sees China's 2017 growth at 6.8 percent.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.