Economy
11:34, 18-Jan-2019
China revises down 2017 GDP growth to 6.8% from 6.9%
Updated
13:53, 18-Jan-2019
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China has revised down the growth rate of its 2017 gross domestic product (GDP) to 6.8 percent from the previously reported 6.9 percent on Friday.
The National Bureau of Statistics said in a statement that the economy had grown 6.8 percent year-on-year in 2017, lowering the GDP value to 82.7 trillion yuan (12.11 trillion U.S. dollars), a reduction of 636.7 billion yuan.
The growth pace of industrial sectors was lowered from 6.1 percent to 5.9 percent, and that of the services was adjusted from 8 percent to 7.9 percent. The expansion of the agricultural sector, on the contrary, was revised up by 0.1 percentage point to 4 percent.
The bureau revises each year's GDP twice, the preliminary and final verifications, as more information becomes available.