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    China’s GDP in Second Quarter of 2017 Shows 6.9% Year-Over-Year Growth

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    China's GDP in the second quarter of 2017 grew by 6.9 percent over the results of the comparable period in 2016 and in line with the first quarter's growth, which also amounted to 6.9 percent, China's National Bureau of Statistics said Monday.

    BEIJING (Sputnik) — Thus, China managed to exceed its target of 6.5 percent growth, set by the government for 2017.

    “According to the preliminary estimation, the gross domestic product (GDP) of China was 38,149.0 billion yuan [$5,632 billion] in the first half of 2017, a year-on-year increase of 6.9 percent at comparable prices. Specifically, the year-on-year growth was 6.9 percent for the first quarter, and 6.9 percent for the second quarter,” the bureau said in a statement.

    In March, Chinese Premier Li Keqiang defended the 2017 target GDP growth rate and said that it was not a low and would not be easy to achieve.

    In 2016, China's GDP grew 6.7 percent, which is its worst performance in the past 26 years.


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