The Chi­nese econ­omy’s strong growth mo­men­tum in the first three quar­ters her­alds a rosy pic­ture for the whole of 2017 and the year to come By Ma Xiaowen

Beijing Review - - Business -

China’s GDP grew at 6.9 per­cent year on year to 59.33 tril­lion yuan ($8.96 tril­lion) in the first three quar­ters of 2017, ac­cord­ing to the Na­tional Bureau of Sta­tis­tics (NBS).

In the third quar­ter, the GDP was up 6.8 per­cent year on year, mak­ing it the ninth con­sec­u­tive quar­ter that has seen the GDP growth rate stay within the 6.7-6.9 per­cent range, NBS spokesper­son Xing Zhi­hong said at a press con­fer­ence on Oc­to­ber 19. “This proves that the Chi­nese econ­omy has main­tained medium- to high- speed growth,” Xing re­marked.

The sound eco­nomic ex­pan­sion in the first three quar­ters has laid a solid founda- tion for achiev­ing the an­nual growth tar­get, he said at the press con­fer­ence, which re­leased the fig­ures for ma­jor eco­nomic in­dexes in the first three quar­ters. The gov­ern­ment has set the growth tar­get for the whole year at 6.5 per­cent. Mean­while, en­ergy con­sump­tion per unit of GDP dropped by 3.8 per­cent year on year in the

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