China's economy ended 2017 on strong footing with a better-than-expected growth rate and improved structure ugg boots ireland black friday , official data showed Thursday.

　　Tourists visit a characteristic town in Guantao County, north China's Hebei Province, July 19, 2017. China's economy grew 6.9 percent year on year in 2017, well above the official target of around 6.5 percent, data from the National Bureau of Statistics (NBS) showed Thursday. Gross domestic product (GDP) totaled 82.71 trillion yuan (about 12.84 trillion U.S. dollars) in 2017, with the service sector accounting for more than half of the total. (XinhuaMu Yu)

The world's second largest economy expanded 6.9 percent year-on-year in 2017, higher than the 6.7 percent growth registered in 2016, data from the National Bureau of Statistics (NBS) showed.


The reading marked the first acceleration in the annual growth pace in seven years and was well above the official target of around 6.5 percent.


"Major macroeconomic indicators all beat market expectations, pointing to economic stabilization," said Ning Jizhe, head of the NBS.


Growth in the fourth quarter came in at 6.8 percent, unchanged from the rate seen in the third quarter.


Gross domestic product (GDP) totaled 82.71 trillion yuan (about 12.84 trillion U.S. dollars) in 2017, with the service sector accounting for more than half of the total.


Consumption was the major growth driver, contributing 58.8 percent to GDP growth last year.


The strong growth was also helped by robust trade, which reversed a downward trend seen in the previous two years and contributed about 9 percent to GDP expansion in 2017.


A breakdown of the data showed improved economic structure, with new growth drivers emerging and outdated capacity fading.


New-energy vehicles, industrial robots, solar power and integrated circuit outshone most other industries in terms of output, growing 51.1 percent, 68.1 percent, 38 percent and 18.2 percent, respectively, year on year, contributing to a pick-up in industrial output growth in 2017.


On the other hand, mining and cement sectors saw their output decline 1.5 percent and 0.2 percent, respectively, while the textile and coal industries only grew 4 percent and 3.2 percent, respectively.


The data also showed strong consumption potential in rural areas, with retail sales surging 11.8 percent last year, outpacing the 10 percent rate in urban areas.


Private investment reached 38.15 trillion yuan, up 6 percent year on year, 2.8 percentage points faster than the previous year, accounting for 60.4 percent of the total investment.


TOKYO, Oct. 25 (Xinhua) -- The 45th Tokyo Motor Show opened to the press Wednesday with next-generation cars featuring automated driving, artificial intelligence (AI) and eco-friendly technologies in spotlight.


A total of 153 companies from various countries displayed their achievements and research plans on next-generation products and services at the show.


Toyota Motor Corp., Japan's largest carmaker by volume, unveiled its new concept car "Fine-Comfort Ride" featuring hydrogen fuel cell, and three "Concept-i" vehicles with automated driving and AI technologies.


The scandal-hit Nissan Motor Co. and Honda Motor Co. both showcased their new electric vehicles, including the "Honda Sports EV Concept" car which is equipped with AI technologies and can interact with the driver.


The show also features connectivity technologies, with an event titled "Tokyo Connected Lab 2017" offering visitors virtual experiences of driving in connected cars in a futuristic society through VR headsets.


The show will be open to the public from Oct. 28 through Nov. 5 at Tokyo Big Sight.


Though one of the world's five major motor shows, the show suffered a decline in popularity in recent years as automakers shifted their attention to the emerging markets.


The biennial show attracted 2.02 million visitors in 1991 at its peak but only some 810,000 visitors in 2015.




BEIJING, Nov. 6 (Xinhua) -- With increasing international challenges, including fragmentation in free trade arrangements, China has always been vigrously promoting a regional free trade pact in the Asia-Pacific that is open, inclusive and beneficial to all.


China has on many occasions called for attentions to the diversity and difference in development levels of the economies in the region in a bid to avoid fragmental and exclusive deals.


It is also vehemently enhancing openness of its own economy and actively providing public goods embodied by the initiative on the construction of the Silk Road Economic Belt and the 21st Century Maritime Silk Road (Belt and Road Initiative) and regional cooperative financial tools.


ALL-INCLUSIVE AND WIN-WIN RESULT


At the APEC Economic Leaders' Meeting in Lima last year, Chinese President Xi Jinping urged the APEC economies to stay committed to pushing economic globalization forward, increasing openness of the Asia-Pacific economy, breaking bottlenecks in regional inter-connectivity and blazing new trails in reform and innovation.


Xi hailed the smooth completion of the collective strategic study on a Free Trade Area of the Asia-Pacific (FTAAP), which was launched at the 2014 APEC meeting in Beijing.


"We need to stick to our agenda and take more effective actions to realize the FTAAP at an early date, thus bringing about an Asia-Pacific economy with greater openness," said the Chinese president.


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