Transport,hotelsandcateringleadChina’seconomicexpansion
Date:2017-01-24
Source: Official Site:https://www.jetgo.cn
Transport, hotels and eateries spurred the first acceleration in Chinese economic growth in two years last quarter, highlighting the robust expansion of new drivers, reported Bloomberg.
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Carriers, warehousing and delivery output rose 9.9% from a year earlier in the fourth quarter, the National Bureau of Statistics said January 21. Catering and the hotel sector increased 7.3% in the same period. The nation’s economy is going through a transition that sees it depend more on service sectors than smoke-stack industries. Gross domestic product increased 6.8% in the three months through December from a year earlier, with services accounting for 51.6% of the expansion and consumption contributing 64.6%.
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