China’s economy grew by around 7% in 2015: Premier

Monday, 18 January 2016 00:00 - - {{hitsCtrl.values.hits}}

102984364-li_keqiang

China's Premier Li Keqiang answers a question during a meeting with foreign company executives at the World Economic Forum (WEF) in China's port city Dalian, September 9, 2015. China must embrace its global obligations when it comes to combating climate change, Li said on Wednesday, adding that the country was already under huge pressure to meet emission reduction goals - Reuters

Reuters: China’s gross domestic product (GDP) totalled more than $ 10 trillion in 2015 and the economy grew by around 7%, 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 60% of growth, Li said, at the opening ceremony for the China-backed Asian Infrastructure Investment Bank (AIIB) in Beijing.

China’s fourth-quarter and full-year 2015 GDP figures are expected to be released on 19 January.

Analysts polled by Reuters have forecast 2015 growth cooled to 6.9%, down from 7.3% in 2014 and the slowest pace in a quarter of a century.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.