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China Daily

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Tuesday, January 08, 2019, 14:03
NBS: China to achieve 6.5% growth target
By Zhang Jie
Tuesday, January 08, 2019, 14:03 By Zhang Jie

This March 6, 2018 photo shows Ning Jizhe, deputy head of the National Development and Reform Commission, answering questions during a news conference on the first session of the 13th National People's Congress in Beijing, capital of China. (PHOTO / VCG)

China is expected to attain its economic growth target of 6.5 percent with the economic aggregate reaching 90 trillion yuan (around US$13.1 trillion) in 2018, said Ning Jizhe, head of the National Bureau of Statistics, in an interview with CCTV on Monday.

China's economic aggregate is expected to hit 90 trillion yuan in 2018, an increase of 8 trillion yuan from 2017, according to Ning

"2018 was an extraordinary year; although the global and domestic environment was complex and fluctuating, China's economic operation still maintained smooth and stable growth," Ning said.

READ MORE: China's economy navigates through 'crucial year'

The 6.5 percent growth rate is one of the fastest among big economies, Ning said.

China's economic aggregate surpassed 82 trillion yuan in 2017, and is expected to hit 90 trillion yuan in 2018, an increase of 8 trillion yuan, and the increment accounts for nearly one third of global growth, according to Ning.

The investment in agriculture, environment and water conservancy rose 10 percent and 20 percent in 2018, Ning said.

The proportion of consumption upgrading projects is increasing; China's Engel coefficient, a indicator to measure resident consumption structure, is close to developed countries' uniform parameter; and the service consumption rose fast with tourism, culture and sport seeing a big growth, said Ning.

ALSO READ: China consumption market to maintain stable growth in 2019

Ning said the National Bureau of Statistics will hold a news conference on Jan 21 to release China's 2018 economic data.


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