综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

GDP data show continued expansion

By XIN ZHIMING and WANG YANFEI | China Daily | Updated: 2017-07-18 05:30
Share
Share - WeChat

China's economy expanded at a faster-than-expected 6.9 percent year-on-year in the second quarter and economists said the trend of stable growth is set to continue into the second half of 2017, paving the way for the country to strengthen reforms.

 
 
 
The economy, as measured by the gross domestic product, was unchanged from the first quarter and has remained in the 6.7 to 6.9 percent range for eight consecutive months, according to data released on Monday by the National Bureau of Statistics. GDP growth accelerated to 1.7 percent in the second quarter, up from 1.3 percent in the first quarter.

Key indicators, such as industrial output, retail sales and fixed-asset investment, all were at high levels in the second quarter, the NBS said. Real estate investment, a key driving force of growth, increased by 8.5 percent in the first half of this year, slightly down from the first quarter. "Real estate investment, together with infrastructure investment, remained brisk and contributed to the strong growth in the second quarter," said Yu Yongding, an economist with the Chinese Academy of Social Sciences.

The economic structure also has improved, according to NBS data. For example, investment in high-tech manufacturing industries grew by 21.5 percent year-on-year in the first half of this year, 12.9 percentage points higher than overall investment growth.

The crucial job market, meanwhile, remained stable, with 7.35 million jobs created in urban areas in the first half of this year, 180,000 more than a year earlier, according to the NBS.

Looking ahead, China’s economic growth may ease moderately, mainly due to slowing growth expected in real estate investment thanks to the country's tightening of price control policies, but it faces much less pressure to grow, analysts said.

"The economy may continue to fluctuate a little bit, but there would not be sharp declines, and China does not face any risk of a hard landing," said Yu of CASS, who also is former member of the monetary policy committee of the People’s Bank of China, the central bank.

China's whole-year growth this year may reach 6.7 percent, meaning it will meet its target of "around 6.5 percent", according to forecasts by some institutions, such as the China Center for International Economic Exchanges and investment bank ICBC International.

"China's pressure from growth stabilization has eased greatly and it will pay way for its macroeconomic maneuvers to upgrade its economic structure and contain risks," said Cheng Shi, chief economist at ICBC International.

Contact the writers at xin?zhiming@chinadaily.com.cn

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
板桥市| 石渠县| 苗栗县| 蓬莱市| 和硕县| 惠水县| 肇庆市| 天台县| 全南县| 静宁县| 上饶县| 台山市| 斗六市| 剑川县| 贵定县| 盈江县| 大名县| 抚顺县| 保靖县| 洛隆县| 武城县| 西乡县| 松溪县| 莎车县| 漳州市| 夏邑县| 塔河县| 疏勒县| 澄城县| 抚州市| 开封县| 平昌县| 顺义区| 永嘉县| 新乐市| 绵竹市| 武穴市| 泽普县| 乐陵市| 海兴县| 汝南县|