China's GDP grows by 6.8% in H1
Xinhua |
Updated: 2018-07-25 10:31
China's gross domestic product expanded 6.8 percent year-on-year in the first half of 2018 to about 41.90 trillion yuan ($6.27 trillion), the latest data from the National Bureau of Statistics (NBS). The pace was well above the government's annual growth target.
In Q2, GDP rose by 6.7 percent year-on-year, slightly lower than the 6.8 percent from the previous quarter but representing the 12th straight quarter that GDP growth rate has stayed within the range of 6.7 to 6.9 percent.
Mao Shengyong, bureau spokesman, said the data showed that growth remained stable. And analysts said the economy remains on track but will face more challenges in the second half.
The economy has kept its quarterly GDP growth within the range of 6.7 percent to 6.9 percent for 12 consecutive quarters.
China's gross domestic product expanded 6.8 percent year-on-year in the first half of 2018 to about 41.90 trillion yuan ($6.27 trillion), the latest data from the National Bureau of Statistics (NBS). The pace was well above the government's annual growth target.
In Q2, GDP rose by 6.7 percent year-on-year, slightly lower than the 6.8 percent from the previous quarter but representing the 12th straight quarter that GDP growth rate has stayed within the range of 6.7 to 6.9 percent.
Mao Shengyong, bureau spokesman, said the data showed that growth remained stable. And analysts said the economy remains on track but will face more challenges in the second half.
The economy has kept its quarterly GDP growth within the range of 6.7 percent to 6.9 percent for 12 consecutive quarters.
