China’s Economy in July—September 2016 added 6.7% in annual terms (as in the previous 2 quarters), to the report of the State statistical administration of China.
GDP of the country increased during the reporting period to 52,9971 trillion yuan ($ of 7.87 trillion), according to Xinhua.
third quarter Results were better than the expectations of analysts, who had expected the slowing economic growth of China to 6.6%, says RIA “Novosti”.
the Statistical data paint a mixed picture about the state of the world’s second largest economy. Published data showed that the producer price index for the first time in more than 4 years showed a positive trend. At the same time in September exports decreased by 10% compared to the same period last year. Imports also returned to negative territory after an unexpected rise in August, a decrease of 1.9%.
As recalled by “News Economy”, the PRC government has set a goal to achieve growth of 6.5-7% for the year. In 2015, China’s economy grew by 6.9% — the slowest pace in 25 years.
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