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China’s economy expands 6.9% in 2017, beats forecasts

Updated: Jan 19,2018 9:39 AM     Xinhua

A staff member of Offshore Oil Engineering Co Ltd cuts a workpiece in Qingdao, East China’s Shandong province, Jan 17, 2018. Gross domestic product (GDP) of China totaled 82.71 trillion yuan ($12.84 trillion) in 2017 with a 6.9 percent year-on-year rise, higher than the 6.7 percent growth registered in 2016, data from the National Bureau of Statistics (NBS) showed. [Photo/Xinhua]

Tourists visit a characteristic town in Guantao county, North China’s Hebei province, July 19, 2017. China’s economy grew 6.9 percent year-on-year in 2017, well above the official target of around 6.5 percent, data from the National Bureau of Statistics (NBS) showed on Jan 18. Gross domestic product (GDP) totaled 82.71 trillion yuan (12.84 trillion) in 2017, with the service sector accounting for more than half of the total. [Photo/Xinhua]

Technicians work on an unmanned aerial vehicle, North China’s Hebei province, Dec 26, 2017. China’s economy grew 6.9 percent year-on-year in 2017, well above the official target of around 6.5 percent, data from the National Bureau of Statistics (NBS) showed on Jan 18. Gross domestic product (GDP) totaled 82.71 trillion yuan ($12.84 trillion) in 2017, with the service sector accounting for more than half of the total. [Photo/Xinhua]

Workers work at a car general assembly line in Cangzhou, North China’s Hebei province, Sept 12, 2017. China’s economy grew 6.9 percent year-on-year in 2017, well above the official target of around 6.5 percent, data from the National Bureau of Statistics (NBS) showed on Jan 18. Gross domestic product (GDP) totaled 82.71 trillion yuan ($12.84 trillion) in 2017, with the service sector accounting for more than half of the total. [Photo/Xinhua]

Customers purchase at a retailer of children’s electric toy car in Fucheng county, Nnorth China’s Hebei province, June 20, 2017. China’s economy grew 6.9 percent year-on-year in 2017, well above the official target of around 6.5 percent, data from the National Bureau of Statistics (NBS) showed on Jan 18. Gross domestic product (GDP) totaled 82.71 trillion yuan ($12.84 trillion) in 2017, with the service sector accounting for more than half of the total. [Photo/Xinhua]

Cargo ships anchor at Coal Harbor District of Huanghua Port, North China’s Hebei province, Jan 9, 2018. China’s economy grew 6.9 percent year-on-year in 2017, well above the official target of around 6.5 percent, data from the National Bureau of Statistics (NBS) showed on Jan 18. Gross domestic product (GDP) totaled 82.71 trillion yuan ($12.84 trillion) in 2017, with the service sector accounting for more than half of the total. [Photo/Xinhua]

A freighter anchors at a dock in Qingdao, East China’s Shandong province, Jan 12, 2018. Gross domestic product (GDP) of China totaled 82.71 trillion yuan ($12.84 trillion) in 2017 with a 6.9 percent year-on-year rise, higher than the 6.7 percent growth registered in 2016, data from the National Bureau of Statistics (NBS) showed. [Photo/Xinhua]

A worker works in a textile enterprise in Haizhou District of Lianyungang city, East China’s Jiangsu province, Jan 18, 2018. Gross domestic product (GDP) of China totaled 82.71 trillion yuan ($12.84 trillion) in 2017 with a 6.9 percent year-on-year rise, higher than the 6.7 percent growth registered in 2016, data from the National Bureau of Statistics (NBS) showed. [Photo/Xinhua]

A bullet train runs in Qionghai city, South China’s Hainan province, Jan 18, 2018. Gross domestic product (GDP) of China totaled 82.71 trillion yuan ($12.84 trillion) in 2017 with a 6.9 percent year-on-year rise, higher than the 6.7 percent growth registered in 2016, data from the National Bureau of Statistics (NBS) showed.[Photo/Xinhua]

A farmer dries chrysanthemum in Niudachang town of Shibing county in Qiandongnan Miao and Dong autonomous prefecture, Southwest China’s Guizhou province, Nov 25, 2017. Gross domestic product (GDP) of China totaled 82.71 trillion yuan ($12.84 trillion) in 2017 with a 6.9 percent year-on-year rise, higher than the 6.7 percent growth registered in 2016, data from the National Bureau of Statistics (NBS) showed.[Photo/Xinhua]

Farmers harvest navel oranges in Guzhou town of Rongjiang county in Qiandongnan Miao and Dong autonomous prefecture, Southwest China’s Guizhou province, Dec 17, 2017. Gross domestic product (GDP) of China totaled 82.71 trillion yuan ($12.84 trillion) in 2017 with a 6.9 percent year-on-year rise, higher than the 6.7 percent growth registered in 2016, data from the National Bureau of Statistics (NBS) showed.[Photo/Xinhua]

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