China's 2017 GDP surge steps up for the first time for 7 years

China's 2017 GDP surge steps up for the first time for 7 years

During the fourth quarter of 2017 China's economy tacked on faster than anticipated because an export revival helped the country to report its first annual acceleration in surge for seven years, thus defying worries that intensifying curbs on industry as well as credit would affect expansion.

The official surge figures published on Thursday appear to be welcome news for Beijing policymakers, already concerned with reducing debt and pollution in the country’s older industries without affecting growth in the world's number two economy.

China's GDP ascended 6.8% during the period October- December from 2016. It happened to be better than the 6.7% ascend estimate by experts in a Reuters survey and also intact from last quarter.

The headline numbers along with indications of property market resilience underpin economist views that fundamentals are going to stay intact this year, although some experts point to headwinds from tighter regulations, American trade protectionism as well as a softer consumer sector.

Similar

Latest news

Evergreen buck heads north

On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…

Gold ascends on Brexit jitters

On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera