GDP ex­pected to grow 6.8 per­cent

China Daily (Hong Kong) - - BUSINESS -

China’s econ­omy is likely to grow by 6.8 per­cent year-onyear in the third quar­ter, thanks to steady con­sump­tion and in­vest­ment, ac­cord­ing to a Chi­nese gov­ern­ment think tank re­port. The firm­ing trend in the first half of 2017 will con­tinue into the third quar­ter, ac­cord­ing to the Chi­nese Academy of So­cial Sciences, cit­ing steady con­sump­tion and ro­bust in­fra­struc­ture in­vest­ment. The re­port fore­cast that con­sump­tion growth will rise around 10 per­cent and in­fra­struc­ture in­vest­ment will grow around 20 per­cent in the sec­ond half of the year. CASS es­ti­mated that China’s econ­omy would ex­pand by 6.7 per­cent and 6.8 per­cent in the fourth quar­ter and for the whole year, re­spec­tively. prof­its gen­er­ated in dig­i­tal pub­li­ca­tion stood at 572.09 bil­lion yuan last year, ac­count­ing for one-third of the in­dus­try’s to­tal rev­enue, ac­cord­ing to a re­port is­sued by the State Ad­min­is­tra­tion of Press, Pub­li­ca­tion, Ra­dio, Film and Tele­vi­sion. The re­port said China’s themed pub­li­ca­tions and main­stream me­dia out­lets wit­nessed grow­ing in­flu­ence in the year. In ad­di­tion, print, video and dig­i­tal pub­li­ca­tions worth $110 mil­lion were ex­ported over­seas in 2016, mark­ing 5 per­cent year-onyear growth. Times on Tues­day. With the fund­ing from Blue HK, the Viet­namese com­pany will open six more mul­ti­plex cin­e­mas in more lo­cal­i­ties and screen its self-made films this year. Es­tab­lished in 2015, Beta Me­dia cur­rently has four cin­e­mas in Hanoi, north­ern Thai Nguyen prov­ince, and south­ern Dong Nai prov­ince.

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