China Economy’s 2016 Growth in Line with Official Target
20 Jan 2017, 03:29 UTC+00
Fueled by higher fiscal spending and record-high levels of bank lending, China's economy expanded by 6.8% in the fourth quarter. During the period, GDP rose 1.7% on a quarterly basis, a slowdown from the 1.8% growth seen in July to September, according to data from the National Statistics Bureau.
In an annual basis, the second-largest economy expanded by 6.7%, a rate...