China's GDP grows in Q3
by ChemOrbis Editorial Team - content@chemorbis.com
According to the data from the National Bureau of Statistics of China, the Chinese economy expanded by 6.8% in the third quarter of 2017, in line with the expectations but down from the 6.9% growth in the second quarter.
The data also showed that China’s industrial output increased 6.6% in September on a yearly basis, boosting the growth in the country’s GDP. Fixed-asset investment, meanwhile, grew by 7.5% during January-September period while retail sales rose 10.3% year-on-year.
China is expected continue its growth to reach or even exceed the government’s full-year forecast to expand by 6.5% in 2017.
The data also showed that China’s industrial output increased 6.6% in September on a yearly basis, boosting the growth in the country’s GDP. Fixed-asset investment, meanwhile, grew by 7.5% during January-September period while retail sales rose 10.3% year-on-year.
China is expected continue its growth to reach or even exceed the government’s full-year forecast to expand by 6.5% in 2017.
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