Report: China’s GDP to grow 6.8% in first quarter of 2018

SHANGHAI, Mar 28 (SMM) – China’s gross domestic product (GDP) is likely to grow 6.8% in the first quarter of 2018 and 6.9% in the first half of the year, according to a forecast by the National Academy of Economic Strategy of the Chinese Academy of Social Sciences released on Tuesday March 27.

The forecast also expects China to meet this year's annual GDP growth target of 6.5%.

Data from the National Bureau of Statistics showed that profits at industrial enterprises across China in the first two months of 2018 grew 16.1% from the same period of last year. This growth was 5.3 percentage points higher than growth in December 2017 and reflected the buoyant momentum in the Chinese economy. 

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