16:27 GMT21 February 2020
Listen Live
    Asia & Pacific
    Get short URL
    175
    Subscribe

    National Development and Reform Commission Chair Xu Shaoshi said that China’s annual GDP growth rate in 2016 is likely amount to some 6.7 percent according to the preliminary results.

    BEIJING (Sputnik) – China’s annual GDP growth rate in 2016 is likely amount to some 6.7 percent according to the preliminary results, state's National Development and Reform Commission Chair Xu Shaoshi said Tuesday.

    "GDP growth in the first, second and third quarters was 6.7 percent. According to preliminary data, the annual GDP growth may also amount to approximately 6.7 percent," Xu said at a press conference.

    In January 2016, China reported its 2015 GDP increase to be the lowest in over 20 years, while its exports fell by 2.8 percent and imports decreased by 14.1 percent.

    The World Bank forecast also in January 2016 a continuation of this slowing trend, with Beijing’s economic growth in 2016 expected to amount to 6.7 percent.

    In late April, the State Council of China announced a number of measures to support foreign trade, including the extension of export credit insurance and increase in tax refunds to exporters.

    Related:

    IMF Data Show China’s GDP Outpaces US in 2016
    China Maintained 6.7% GDP Growth In Third Quarter of 2016 - Statistics Bureau
    China’s GDP Grew 6.7% in First Quarter of 2016 – Statistics Bureau
    Tags:
    growth, GDP, China
    Community standardsDiscussion
    Comment via SputnikComment via Facebook