China’s economy expanded at a steady pace at the end of 2017, data from the National Bureau of Statistics showed Thursday.
Gross domestic product climbed 6.8 percent year-on-year in the fourth quarter, the same pace of growth as seen in the third quarter. The rate was forecast to slow to 6.7 percent.
In 2017, the economy expanded at a faster pace of 6.9 percent after rising 6.7 percent in 2016, and exceeded the government’s 2017 target of about 6.5 percent.
Another report showed that industrial production advanced 6.2 percent annually, slightly faster than the 6.1 percent increase seen in November. The rate was forecast to remain unchanged at 6.1 percent.
For the whole year of 2017, industrial production grew 6.6 percent, as expected.
Retail sales growth eased to 9.4 percent in December from 10.2 percent in November. Sales were forecast to climb again by 10.2 percent. In 2017, retail sales logged an annual growth of 10.2 percent.
Fixed asset investment increased at a slower pace of 7.2 percent in 2017.
The material has been provided by InstaForex Company – www.instaforex.com
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
