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ECONOMY

Premier Li Signals 2017 Growth Beat Target

By Fran Wang
China's total foreign trade also increased in 2017 for the first time in three years, he said, according to the Xinhua News Agency report on Thursday. Photo: Visual China
China's total foreign trade also increased in 2017 for the first time in three years, he said, according to the Xinhua News Agency report on Thursday. Photo: Visual China

China’s Premier Li Keqiang has revealed the economy grew by around 6.9% last year, just days before the government is due to officially release the numbers. The growth rate, if confirmed next week, would be the first acceleration in seven years.

The rate is way ahead of the official target of an increase of around 6.5% set in March, and is likely to give leaders more confidence in the economy and greater leeway to push ahead with the overhauls they promised.

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