China's economy records steady growth in H1
New figures released on Monday, July 17, 2017 show China's economy continued its steady expansion in the first half of 2017, with GDP up 6.9 percent year on year to around 38.2 trillion yuan (5.6 trillion U.S. dollars), data from the National Bureau of Statistics (NBS) showed. It's the 8th consecutive quarter that growth in China economy has been registered between 6.7 to 6.9 percent.
New figures released on Monday, July 17, 2017 show overall imports to China in the first half of 2017 reached 5.9 trillion yuan (870 billion U.S. dollars), an increase of 9.3 percent compared to the same period last year. The amount of imported iron ore and crude oil reached 530 million tones and 210 million tons respectively through the period.
New figures released on Monday, July 17, 2017 show the total amount of overseas investment by Chinese companies reached 48 billion U.S. dollars in the first half of 2017, down 45.8 percent compared to the same period last year. The money spent overseas was mainly invested in the commercial service, manufacturing, retail and information technology sectors, rather than real estate, which had previously been the most popular draw for Chinese money.