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China records improved 6.9% GDP growth in 2017

For the year ahead, a number of agencies have predicted that China’s economy will remain stable in 2018, with its GDP growth remaining at around 6.7%

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china records improved gdp growth in 2017

China’s GDP growth made its first rebound since 2011 with a year-on-year rise of 6.9% in 2017, according to the National Bureau of Statistics. Meanwhile, total GDP volume has exceeded 80 trillion yuan for the first time, recording 82.71 trillion yuan (US$12.89 trillion), Economic Information Daily reported.

The newly released figure beats Beijing’s official annual expansion target of 6.5%.

The data shows that the total amount of trade has increased 14.2% from a year earlier, hitting 27.79 trillion yuan, which reversed a decline of two consecutive years.

Xu Hongcai, deputy chief economist of China Center for International Economic Exchanges, thinks the improvement in external demand driven by the apparent recovery of the world economy has made a great contribution to the country’s GDP growth.

For the year ahead, a number of agencies have predicted that China’s economy will remain stable in 2018, with its GDP growth remaining at around 6.7%.

 

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Asean

China Sustains Huge Ecommerce Development Investment Flows into ASEAN

What Asia Investment Research showed us that there were China outbound investments into several ASEAN markets, led by Singapore, and followed by Indonesia, Malaysia, Thailand, and the Philippines. Collectively, these markets saw circa 30 investments n Q3, or about 15 percent of total Chinese outbound volume. 

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ASEAN Inbound Investments from China show strong trends in developing digital trade infrastructure.

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Tourism

Chinese travellers name Thailand their ‘Recommended Travel Destination of the Year’

Thailand was the only outbound tourist destination receiving the award at the presentation ceremony in Shanghai. China is among the 63 approved countries and territories from where travellers can visit Thailand under quarantine-free entry requirements introduced on 1 November, 2021.

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Thailand has won the ‘Recommended Travel Destination of the Year’ award at the 2021 City Travel Hotel Awards organised by the Chinese magazine City Travel.

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