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China's 2017 growth beats expectations

2018-01-19 09:33:39       source:Deutsche Welle

January 18, 2018


Last year, China's gross domestic product (GDP) overshot the official government target of about 6.5 percent, accelerating from the 6.7 percent growth seen in 2016, which was the slowest for more than a quarter of a century.


Although some analysts generally express skepticism about China's official GDP figures, they agree that the rebound to 6.9 percent in 2017 shows China has gotten back on course for robust economic expansion after slowing down since last posting double-digit growth in 2010.


"The national economy has maintained the momentum of stable and sound development and exceeded the expectation with the economic vitality, impetus and potential released," said National Statistics Bureau head Ning Jizhe as he presented the latest GDP figure on Thursday.


Ning also noted that the world's second biggest economy was however still facing "difficulties and challenges" and that improving quality and efficiency would remain "a daunting task."


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http://www.dw.com/en/chinas-2017-growth-beats-expectations/a-42197365