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China's economy grows by 6.9% in 2017

Factory chimneys giving off smoke in Beijing, ChinaImage copyright
AFP/Getty Images

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China’s efforts to reduce coal burning in and around Beijing impacted growth in the fourth quarter

China’s economy grew by 6.9% in 2017 according to official data – the fastest pace in two years.

The figure comfortably beats Beijing’s official growth target of about 6.5%.

China is a key driver of the global economy and so the better-than-expected data is likely to cheer investors around the world.

But many China watchers are sceptical about the country’s GDP numbers and believe growth is much weaker than the official data suggests.

The numbers released on Thursday showed that in the last three months of 2017, the economy grew at an annual rate of 6.8% – slightly higher than analysts had been expecting.

A crackdown on risky debt together with an effort to reduce factory pollution dampened growth during the period.

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