The world’s second largest economy grew 6.8 per cent year on year in the first three quarters of 2017 to 59.3288 trillion yuan (about $8.9614 trillion), data from China’s National Bureau of Statistics showed Thursday.
The expansion in the third quarter beat market expectations and growth this year is on track to meet the government’s target of 6.5 per cent.
“The Chinese economy has maintained steady growth with a positive outlook in the first three quarters,” NBS spokesperson Xing Zhihong told reporters in Beijing.
The service sector expanded 7.8 percent year on year in the first three quarters, outpacing a 3.7-percent increase in primary industry and 6.3 percent in secondary industry, NBS data shows.
Retail sales grew 10.3 per cent in September from a year earlier.
People’s Bank of China governor Zhou Xiaochuan on Sunday said China’s GDP could grow 7 per cent in the second half of this year.
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http://thebricspost.com/chinas-economy-grew-6-8-in-3rd-quarter/#.WejJQVuPLIU
It's unlikely we'll be able to defeat the combined power of the alliances China is building. So what the hell are we doing?
And by the way, this is not a "Trump" issue. The entire US deep state seems to be against the BRICS.
And here is an argument that China actually is the world's No. 1 power:
ReplyDeletehttps://www.bloomberg.com/view/articles/2017-10-18/who-has-the-world-s-no-1-economy-not-the-u-s