China’s Premier Li Keqiang said the world’s second-biggest economy is expected to have grown around 6.9 percent last year, the official Xinhua news agency reported, accelerating from a 26-year low in 2016.
In the past year, China’s economy has maintained a steady and favourable trend, with the overall situation better than expected, Li said at the Mekong-Lancang Cooperation Forum on Wednesday.
Analysts expect the economy to have grown around 6.8 percent last year, beating the government’s target of about 6.5 percent, thanks to a construction boom and robust global demand for Chinese exports. Gross domestic product expanded 6.7 percent in 2016.
