China revises 2017 GDP growth to 6.8%



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The Chinese government announced on Friday that it revised the country's economic growth rate in 2017 to 6.8 percent, down from the previous 6.9 percent.

This change is due to a reduction of 636.7 billion yuan (94.0 billion US dollars) in the calculation of 2017 gross domestic product (GDP), as more comprehensive data were obtained from various departments that are not became available only after the publication of preliminary economic growth figures. a year ago, according to a statement from the National Bureau of Statistics.

The drop in 2017 GDP is mainly due to lower value-added figures from sectors such as agriculture, forestry, livestock, aquaculture and manufacturing, indicates a table attached to the declaration.

The NBS regularly reviews GDP figures from last year, in January, after publishing preliminary data in January of the previous year.

Related: 2017 Chinese GDP growth target at its lowest level in 25 years

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