BUSINESS

China’s Economy Picks Up Momentum

China’s economy grew by 6.9 percent in 2017 according to official data — the first time in seven years the pace of growth has picked up.

The figure beats Beijing’s official annual expansion target of about 6.5 percent.

China is a key driver of the global economy and so the better-than-expected data is likely to cheer investors around the world.

But many China watchers believe the GDP numbers are much weaker than the official figures suggest.

Readers Bureau

Edited by Jesus Chan

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