China's annual GDP growth up 7.1 pct over past 5 years

09:19, March 05, 2018

• 

  Slowing investment obscures larger picture of China's growth

  There's long been a controversy over whether Chinese economic growth is over- or understated. The contribution of investment to GDP growth reached a 17-year low in 2017, which is divergent from the strong performance suggested by high-frequency economic data. The gap suggests the possibility of GDP underestimation.(Photos: VCG)Economic data last year exceeded expectations and ended a downward trend that began

• 

  Key figures: China's major targets in 2018

  (Photo: Globaltimes.cn)China's major targets for 2018 were highlighted in the govt work report on Mar 5 at the first session of the 13th NPC. See the key figures such as GDP growth, poverty reduction, new added jobs in the

• 

  Defense budget displays China's steadiness

  China will raise its defense budget by 8.1 percent in 2018 and set its GDP growth target for about 6.5 percent this year. These are the most eye-catching figures on the opening day of the first session of the 13th National People's Congress Monday.The increase in China's defense budget is higher than the 7 percent of 2017, but is much