Premier expects Chinese GDP to have grown 6.9 pct in 2017

Chinese Premier Li Keqiang expects that the rate of growth in Chinese gross domestic product will turn out to have been 6.9 percent last year, Xinhua reports.

The Chinese state-run news agency quotes Mr Li as telling a meeting in Cambodia that the Chinese economy made steady progress last year and is in a better state than expected.

He said the government refrained from stimulating the economy excessively, persisted with supply-side reform and nurtured new sources of growth momentum.

Official data indicate that Chinese GDP in the first three quarters of last year expanded at an annual rate of 6.9 percent.