China's economic data released GDP is expected to exceed 70 trillion yuan
Release time：2025-09-09 17:13 / page views：
According to the schedule, the National Bureau of Statistics will release the 2016 gross domestic product (GDP) and other blockbuster data today. According to the official forecast, China's economic aggregate will break through the 70 trillion yuan mark in 2016. It is expected that the annual GDP growth rate will be around 6.7%, and the economy will continue to operate within a reasonable range.
China's 2016 economic "report card" released today
According to data from the National Bureau of Statistics, GDP grew by 6.7% year-on-year in the first three quarters of 2016, of which the first, second and third quarters all grew by 6.7%. The "report card" of economic growth in 2016 has attracted much attention.
Regarding the economic growth rate in 2016, the China News Service reporter noticed that the current market is generally expected to grow at around 6.7%. Among them, the 2017 "Economic Blue Book" released by the Chinese Academy of Social Sciences believes that employment and prices will remain basically stable in 2016, and China's economy can achieve the economic growth target expected at the beginning of the year. It is expected to grow by about 6.7% for the whole year.
Xu Shaoshi, director of the National Development and Reform Commission, also revealed at the press conference of the State Council Information Office recently that the supply-side structural reform in 2016 was carried out in an orderly manner, and the key tasks of "three reductions, one reduction and one supplement" achieved initial results. GDP growth in the first, second and third quarters was 6.7%, and it is expected to be around 6.7% for the whole year.
In terms of economic aggregate, China's economy is likely to reach a new level, crossing the 70 trillion yuan mark. Xu Shaoshi predicted that the economic aggregate will exceed 70 trillion yuan in 2016, with an increase of about 5 trillion yuan. This increase is basically the same as the 10% annual growth five years ago, which is equivalent to China's economic aggregate in 1994. Its performance is also outstanding among the world's major economies.
At present, some data for the whole year of 2016 have been disclosed. The data show that the new employment in urban areas has exceeded 13 million; the annual consumer price index (CPI) rose by 2.0%, completing the annual price control target of about 3%. Import and export stabilized quarter by quarter, and both imports and exports achieved positive growth in the fourth quarter.
Cao Heping, a professor at the School of Economics of Peking University, told China News Service (WeChat official account: cns2012) that "black swan" events continue to appear in 2016, but many indicators of China's economy have rebounded since the fourth quarter. It is expected that the economic growth rate in the fourth quarter will not be lower than 6.7%. The economic target for the whole year can be well completed, which also means that the "13th Five-Year Plan" will usher in a good start.
China's economy is expected to continue to operate stably in 2017
For the trend of China's economy in 2017, the analysis believes that there are many uncertainties in the environment facing China's economy in 2017, but it is still expected to maintain a steady progress trend, and there will be no "hard landing".
Xu Shaoshi pointed out that the internal and external environment facing economic development in 2017 is still complex and severe. Overall, the world economy is slowly recovering, but uncertain and unstable factors have increased significantly. Although the domestic economy has stabilized and improved, it still faces some outstanding contradictions and problems.
"However, China has the confidence, conditions and ability to ensure that the economy operates within a reasonable range." Xu Shaoshi said that the outside world said that the "collapse" of China's economy and the inevitability of a "hard landing" will fail these predictions and expectations.
"The potential growth capacity of China's economy is still very large, and the important thing is to improve the quality of growth." Lian Ping, chief economist at Bank of Communications, said that if the external demand environment improves in 2017, the real estate market operates smoothly and private investment rebounds, it is expected that China's economic growth rate in 2017 will be higher than 6.5%.
Cao Heping believes that in the first half of 2017, China's economy is still likely to continue the steady and positive trend since the fourth quarter. This year, China needs to further promote supply-side structural reform, focus on preventing various risks such as finance, and at the same time, strive to boost the real economy through measures such as tax cuts and burden reduction, and continue to improve the stability of economic operation.
At present, some international institutions are also optimistic about the future trend of China's economy. The 2017 World Economic Situation and Prospects released by the United Nations recently concluded that China's economy showed stable growth in 2016, easing concerns that its growth will slow sharply in the short term. Driven by solid domestic demand and supportive fiscal measures, China's economy is expected to grow by 6.5% annually in 2017 and 2018.