China GDP beats expectations, signals economy on track
Published Jan 19, 2017 09:20PM ET
China GDP beats expectations
Investing.com - China's gross domestic product (GDP) grew 6.8% year-on-year in the fourth quarter, slightly beating expectations by analysts of 6.7% growth for the calendar year, but in line with estimates from the head of China's state planning agency.
The figures likely signaled that China's economic growth is starting to stabilize as it transitions from heavy manufacture to domestic-led consumption.
For the quarter-on-quarter GDP figure the increase of 1.7% as expected. Industrial production gained 6.0%, a tick below the 6.1% rise seen, while retail sales jumped 10.9%, beating the 10.7% increase expected.
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Written By: Investing.com
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