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 China's GDP expands 6.9% in first half of 2017
Catagory:Current Affairs  
Subject:People and society   ; System reform   ; Finance  
Source:xinhua
Publish Date:07-17-2017
 
BEIJING — China's gross domestic product expanded 6.9 percent year-on-year in the first half of the year to about 38.15 trillion yuan ($5.62 trillion), data from the National Bureau of Statistics (NBS) showed Monday.
The growth rate is well above the government's target for the year of 6.5 percent, reflecting a firming trend in the nation's economy.
In the second quarter, China's GDP held steady, posting a rise of 6.9 percent year-on-year, flat from the first quarter.
The service sector expanded 7.7 percent year-on-year in the first half, outpacing a 3.5-percent increase in primary industry and 6.4 percent in secondary industry, according to the NBS.
On a quarterly basis, the economy increased 1.7 percent in the second quarter from the previous quarter.
China's economy has been operating within a reasonable range, maintaining stable, coordinated and sustainable development, NBS spokesperson Xing Zhihong told a press conference.
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