China Daily (Hong Kong)

GDP expected to grow 6.8 percent

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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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