China’s economy grows by 6.9% in 2017

Source: BBC News

China’s economy grew by 6.9% in 2017 according to official data – the first time in seven years the pace of growth has picked up.

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The figure beats Beijing’s official annual expansion target of about 6.5%.

China is a key driver of the global economy and so the better-than-expected data is likely to cheer investors around the world.

But many China watchers believe the GDP numbers are much weaker than the official figures suggest.

This month alone, the governments of Inner Mongolia and of the large industrial city of Tianjin have admitted their economic numbers for 2016 were overstated.

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