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China’s GDP grow 6.9 percent in 2015

CHINA'S economy expanded 6.9 percent from a year earlier in 2015, in line with the government target of "around 7 percent" although it slowed further from the pace of 7.3 percent in 2014, data from the National Bureau of Statistics showed today.

The fourth-quarter performance turned out to be worse than expected and became the weakest in the year.

According to the bureau, the country's gross domestic product amounted to 67.67 trillion yuan (US$10.74 trillion) last year, keeping the country's position as the world's second-largest economy.

The growth was led by the service sector, which gained 8.3 percent to 34.16 trillion yuan. The manufacturing sector added 6 percent to 27.43 trillion yuan, while the agriculture rose 3.9 percent to 6.08 trillion yuan.

In terms of quarterly expansion, China's economy increased 6.8 percent in the fourth quarter, following the rise of 6.9 percent in the third quarter and 7 percent in both the second and first quarters of last year.

Wang Bao'an, head of the national statistics bureau, said China has fulfilled the official growth target of "around 7 percent" against the background of huge complexity and challenges in both global and domestic markets.

"We have managed to overcome the difficulties including a slow global economic recovery, faster reforms in the domestic market, and the rate is reasonable in the state of new normal," Wang said at a media briefing.


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