China's economy expected to grow at 6.5 percent in 2017: official

China's economy is expected to achieve the annual growth target of 6.5 percent this year, a Chinese official said on Saturday.

He Lifeng, head of the National Development and Reform Commission, China's top economic planner, made the prediction at a press conference on the sidelines of the 19th National Congress of the Communist Party of China (CPC).

The economic growth target of around 6.5 percent is expected to be achieved successfully, and it is possible to even surpass it, said He, adding that the country's gross domestic product (GDP) value will exceed 80 trillion yuan this year, compared with 54 trillion yuan in 2012.

His optimistic judgment came just days after Ning Jizhe, commissioner of the National Bureau of Statistics, vouched for the achievement of the annual economic growth target of 6.5 percent for 2017.

Earlier this year, the Chinese government set the 2017 economic growth target at around 6.5 percent in a work report.

This month, several economics experts affiliated to the Chinese top economic planner predicted that the country's economy was expected to growth at 6.8-7.0 percent this year, with the year 2018 seeing a growth rate of around 7 percent.

The confidence in the economy is corroborated by the statistics showing that the Chinese economy expanded by 6.9 percent in the first half of 2017.

"The role of consumption and service industry in boosting the economy has been strengthened," said He.

He also said that China's economy accounts for 15 percent of the global economy.
 


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