China's growth falls to 6.7%
China's growth falls to 6.7%
Beijing - QNA
China's economy grew by 6.7 per cent in the first quarter of 2016, according to official figures released Friday, marking a seven-year low growth in the world's second-largest economy.
The figure matched predictions of 6.7 per cent by economists and is in line with the gross domestic product growth target of 6.5 to 7 per cent the government had set for this year.
It follows a 6.9 per cent expansion in 2015, the weakest in a quarter century and below the 7-per-cent target that the government had set for the whole of 2015.
Chaine is trying to change the economy from one reliant on manufacturing to one driven by domestic consumption and investment.
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