Picking up steam for the first time since 2010 despite its battles against a massive debt and polluting factories, China’s economy grew a forecast-beating 6.9% in 2017, official data showed on Jan. 18.
The world’s number two economy eclipsed the official target of about 6.5% and picked up pace from the 6.7% growth seen in 2016, which was the slowest for more than a quarter of a century.
The robust economic expansion indicated stability after slowing down since China last posted double-digit growth in 2010.
“The national economy has maintained the momentum of stable and sound development and exceeded the expectation with the economic vitality, impetus and potential released,” National Statistics Bureau head Ning Jizhe said in a report.
From Industry Week