Business

Monday 21 May 2018

China's economy grew by around 7pc in 2015, services made up half of GDP - Premier

Premier Li Keqiang's goal is 7pc growth for 2016
Premier Li Keqiang's goal is 7pc growth for 2016

China's gross domestic product totaled more than $10 trillion in 2015 and the economy grew by around 7pc, with the services sector accounting for half of GDP, Premier Li Keqiang said on Saturday.

The premier also said that employment had expanded more than expected with 900 million people making up the country's total workforce, including 150 million skilled professionals.

Consumption contributed nearly 60pc of growth, Li said, at the opening ceremony for the China-backed Asian Infrastructure Investment Bank (AIIB) in Beijing.

Reuters

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