4th quar­ter growth bucks slow­ing trend

China Daily European Weekly - - News Digest -

China’s eco­nomic growth hit the full-year target of 6.7 per­cent in 2016, with a faster-than-ex­pected rate of 6.8 per­cent in the fourth quar­ter, but more proac­tive ef­forts may be needed to keep the strong mo­men­tum, econ­o­mists said. The per­for­mance in the fourth quar­ter bucked the trend of de­cline for the first time in the past two years. In­dus­trial pro­duc­tion grew steadily last year, with high-tech in­dus­try ris­ing by 10.8 per­cent year-on-year. The eco­nomic struc­ture also im­proved, with the ser­vice sec­tor ac­count­ing for 51.6 per­cent of the to­tal GDP, ac­cord­ing to NBS data.

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