China’s gross domestic product grew 6.8 percent in the October to December period from a year earlier. That was better than the 6.7 percent growth forecast by analysts in a Reuters poll and unchanged from the previous quarter. China reported other data as well. Retail sales slowed into the year end, with December sales rising 9.4% year-over-year, down from 10.2% and the weakest since 2006. Industrial output was a bit firmer than expected at 6.2% year-over-year and fixed increased rose 7.2%, the same year-over-year pace as in November.
China's GDP grew by 6.8% in Q4
- Thursday, Jan 18 2018
China’s economy grew faster than expected in the fourth quarter of 2017, as an export recovery helped the country post its first annual acceleration in growth in seven years, defying concerns that intensifying curbs on industry and credit would hurt expansion. The official growth figures released on Thursday are welcome news for Beijing policymakers who are looking to cut debt and pollution in older industries without stunting growth in the world’s second-largest economy.