Business
20:01, 05-Jan-2018
China revises 2016 GDP down by 0.07 pct
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China has revised its gross domestic product (GDP) for 2016 down slightly by 0.07 percent based on final verification, but kept the annual growth rate unchanged at 6.7 percent.
The revised GDP was 74.36 trillion yuan (7.52 trillion US dollars), down 54.2 billion yuan from the preliminary verification, the National Bureau of Statistics (NBS) said on its website.
The revision is due to a cut in the services sector by 85.6 billion yuan, while agricultural and industrial sectors were both revised up slightly.
The NBS revises each year's GDP figures twice as additional information becomes available.
China's 2017 GDP is expected to expand 6.8 percent.
(With inputs from Xinhua)