Tag Archives: GDP
China’s economy got off to a strong start in the first quarter, with GDP expanding at a higher-than-expected 6.9 percent year-on-year. The result, analysts said, has laid a solid foundation for the country to achieve its growth target of at least 6.5 percent this year.
Premier Li Keqiang said on Sunday that China is setting a “realistic” economic growth target of “around 6.5 percent” of GDP, while the nation will “try to achieve better results”.
China is promoting priority areas and guiding principles designed for structural reform of G20 members, according to Finance Minister Lou Jiwei.
Stable macroeconomic policies will boost the structural transformations and domestic demands that are now pillars of China’s economy, Premier Li Keqiang said at a State Council meeting on Monday.
Service industries, Internet businesses help fuel quarterly GDP increase of 6.7% year-on-year. Xin Zhiming, Wang Yanfei and Ma Si report. The Chinese economy is stabilizing, thanks primarily to growth in the service industries and Internet-based businesses, although the manufacturing sector remains weak, figures show.
Chinese Financial Minister Lou Jiwei said on Friday that the downgrading of China’s economic outlook “doesn’t reflect the reality” of the Chinese economy.