China’s Economic Growth Looks Strong. Maybe Too Strong.
Official figures show China’s economic growth slowed steadily in recent years before a slight uptick in 2017.
The National Bureau of Statistics announced on Thursday
that the economy expanded 6.9 percent last year, up slightly from 6.7 percent in 2016 and breaking a trend of gradual slowing that began in 2011.
HONG KONG — The pace of growth in China’s economy accelerated last year for the first time
in seven years as exports, construction and consumer spending all climbed strongly.
Various signals suggest China’s growth did speed up last year, which could give the government the room
it needs to tackle an accumulation of serious financial, environmental and social problems this year.
The Conference Board’s estimates for China’s economy show a more pronounced slowdown in growth than the official figures.
