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The fourth quarter spurt in the growth rate is the first instance in two years that China has experienced an uptick in growth.

Chinese Economy Grew by 6.8 Percent in the Fourth Quarter of 2016

Jan 23, 2017 01:59 PM EST

China posted an unexpected surge in its growth rate during the fourth quarter of the previous year. Surpassing official estimates of 6.5 percent growth, the country's economy experienced a 6.8 percent growth. However, risks related to debt and asset price inflation persist.

The country made impressive achievements in 2016 as domestic consumption emerged to be the primary growth driver for the economy last year.

Domestic Consumption Remains A Growth Driver for Chinese Economy; China General Chamber of Commerce In Upbeat

S. Rina |

Jan 21, 2017 01:55 AM EST

China is making a shift from manufacturing based economy towards consumption based economy. The country made impressive achievements in 2016 as domestic consumption emerged to be the primary growth driver for the economy last year.

China Targets 6.5% Growth Rate in 2017: Reuters

S. Rina |

Jan 18, 2017 04:31 AM EST

China is expected to emphasize economic stability over growth rate in 2017, with the government expecting to clock a 6.5 percent rate, insiders familiar with the matter told Reuters. The authorities are also looking to contain the risk of real estate bubble and debt overload.

China's Economy Will Grow by 6.5% in 2016

S Satapathy |

Apr 01, 2016 07:32 AM EDT

The Asian Development Bank (ADB) has forecasted that China's economic growth reach 6.5 percent in 2016, according to its Asia Development Outlook 2016.

ADB predicts China's growth will decline by 6.5 and 6.3 percent in 2016 and 2017, respectively.

ADB Predicts China's Growth to Plummet by 6.5 Percent in 2016

Charissa Echavez |

Mar 31, 2016 08:34 AM EDT

China's growth will plummet by 6.5 percent in 2016 and further reduce to 6.3 percent in 2017, according to the annual economic outlook released by the Asian Development Bank (ADB) on Wednesday, further cautioning the country's huge industrial overcapacity.

China saw an upsurge of retail sales during Spring Festival holiday

China's Retail Sales Jumped 11.2 Percent During Spring Festival This Year

Charissa Echavez |

Feb 15, 2016 11:22 AM EST

China's retail sales increased by 11.2 percent during the recent Spring Festival holiday, compared with the same holiday period last year, with movie tickets leading to a steep increase in box office sales, according to a statement by the Ministry of Commerce on Saturday.