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China's Economy Likely to Grow 6.7 pct in 2016: Top Economic Planner

Pub Date:17-01-11 08:30 Source:Xinhua

China's economy was estimated to have grown about 6.7 percent in 2016, the country's top economic planner said Tuesday.

The world's second largest economy registered the same growth rate in the first, second and third quarter last year, Xu Shaoshi, director of the National Development and Reform Commission, told a news briefing.

Consumption accounted for 71 percent of growth in 2016, up 13 percentage points, Xu said.

He said the economy would exceed 70 trillion yuan (about 10.1 trillion U.S. dollars), an increase of 5 trillion yuan, and that the growth was remarkable among major economies.

Citing a report by the International Monetary Fund, he said that China had contributed 1.2 percentage points, or over 30 percent, of the world's economic growth in 2016, while the United States had accounted for 0.3 percentage points.


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