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Premier Li: China’s Q3 economic growth beats estimates

by ChemOrbis Editorial Team - content@chemorbis.com
  • 13/10/2016 (10:37)
According to media reports, Premier of the State Council of the People’s Republic of China, Li Keqiang stated that China’s economic growth gained speed in Q3, beating estimates on the back of the rise of new jobs and domestic consumption and the service industry.

China created new job opportunities for more than 10 million of its unemployed citizens in the first nine months in spite of the slowing economy in this period.

Keqiang also stated that industrial growth, corporate profits and private investment were gaining stability.

Reports show that the economy grew 6.7% in the H1 of 2016, reaching the 6.5-7% target rate of the Chinese government for this year.
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