China Economic Update, May 2018 : Investing in High-Quality Growth
The World Bank Economic Update provides an overview of recent economic and social developments and policies in China. Economic activity in China remains resilient, with GDP growing by 6.9 percent in 2017 and 6.8 percent year on year (yoy) in the fi...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/510581527687140906/China-economic-update-investing-in-high-quality-growth http://hdl.handle.net/10986/29912 |
| Summary: | The World Bank Economic Update provides
an overview of recent economic and social developments and
policies in China. Economic activity in China remains
resilient, with GDP growing by 6.9 percent in 2017 and 6.8
percent year on year (yoy) in the first quarter of 2018.
Consumption continues to drive growth, while net exports,
which led the growth acceleration in 2017, were not a source
of growth in Q1 2018. From the production perspective, “new
economy” sectors are becoming a more prominent source of
growth. Despite their small GDP share, software and IT
services are rising at double-digit rates and contributed
1.1 percentage points to growth in Q1 2018. |
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