{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='China releases fourth-quarter GDP figures and full year figures for 2017' data-url='/boclips/videos/5c54d6e5d8eafeecae2074f2' data-video-url='/boclips/videos/5c54d6e5d8eafeecae2074f2' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nChina releases fourth-quarter GDP figures and full year figures for 2017\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eChina's economy expanded at a 6.9 percent pace in 2017, faster than expected and the first annual increase in seven years, the government reported on Thursday.              The numbers beat economists' forecasts for the world's second...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eChina's economy expanded at a 6.9 percent pace in 2017, faster than expected and the first annual increase in seven years, the government reported on Thursday.\u003cbr/\u003e              The numbers beat economists' forecasts for the world's second largest economy and the Chinese government's own official growth target of 6.5 percent. \u003cbr/\u003e              The economy expanded at a 6.7 percent annual pace in 2016, its slowest in 26 years.\u003cbr/\u003e              Growth in the fourth quarter held steady at 6.8 percent, though it was a tick slower than the 6.9 percent pace of growth in the first half of the year, the report said.\u003cbr/\u003e              Buoyant consumer spending helped drive the faster expansion, with retail sales easing slightly but still increasing a healthy 10.2 percent last year, the report said.\u003cbr/\u003e              A robust 10.8 rise in exports also helped, despite heightened trade tensions with the US during the first year of Donald Trump's presidency.\u003cbr/\u003e              Those factors helped China's economy defy expectations of weaker growth in the latter half of the year due to Beijing's curbs on bank lending. \u003cbr/\u003e              Analysts expect the credit clampdown to weigh further on growth this year.\u003cbr/\u003e              \"The national economy has maintained the momentum of stable and sound development and exceeded expectations,\" said the report released by the National Bureau of Statistics.\u003cbr/\u003e              The upbeat data underscored debate over the veracity of official figures, following a recent spate of reports about local Chinese governments reporting fake or inaccurate economic data.\u003cbr/\u003e              Such practices have gone on for decades in China. \u003cbr/\u003e              But by understating the severity of the slowdown in the past five years, officials now may be understating the scale of the rebound, some economists say.\u003cbr/\u003e              The statistics bureau's commissioner, Ning Jizhe, told reporters that such cases will be dealt with according to \"laws and regulations\" and that individual fake data would not affect overall statistical results.\u003cbr/\u003e            \u003cbr/\u003e\u003cbr/\u003e              Beijing - 18 January 2018\u003cbr/\u003e              1. Wide of news conference\u003cbr/\u003e              2. Cutaway of reporters\u003cbr/\u003e              3. Mid of Ning Jizhe, Commissioner of China's National Bureau of Statistics at news conference\u003cbr/\u003e              4. SOUNDBITE (Mandarin) Ning Jizhe, Commissioner of China's National Bureau of Statistics:\u003cbr/\u003e              \"According to the preliminary estimation, the gross domestic product of China was 82,712.2 billion yuan (12,875 billion US dollars) in 2017, an increase of 6.9 percent at constant price compared with last year. Specifically, year on year growth of GDP for the first quarter was 6.9 percent, it was 6.9 percent for the second quarter, 6.8 percent for the third quarter and 6.8 percent for the fourth quarter.\"\u003cbr/\u003e              5. Cutaway of journalists\u003cbr/\u003e              6. SOUNDBITE (Mandarin) Ning Jizhe, Commissioner of China's National Bureau of Statistics:\u003cbr/\u003e              \"Generally speaking, in 2017 the national economy has maintained the momentum of stable and sound development and exceeded the expectation with firm steps taken to secure a decisive victory in building a moderately prosperous society in all respects. We should be aware that there are still difficulties and challenges confronting the economy and the improvement of quality and efficiency remains a daunting task.\"\u003cbr/\u003e              7. Cutaway of reporters\u003cbr/\u003e              8. SOUNDBITE (Mandarin) Ning Jizhe, Commissioner of China's National Bureau of Statistics:\u003cbr/\u003e              \"The accuracy of China's statistical figures and statistical system would not be affected by the problems of some individual local (government), region, enterprise, or unit.\"\u003cbr/\u003e              9. Cutaway of reporters\u003cbr/\u003e              10. Wide of Ning\u003cbr/\u003e              11. SOUNDBITE (Mandarin) Ning Jizhe, Commissioner of China's National Bureau of Statistics\u003cbr/\u003e              \"China's statistics are based on laws and regulations. Speaking of local (governments), enterprises, and units with untrue data - according to requirements of the National Bureau of Statistics, we need to uncover these problems according to laws and regulations, verify the problem, resolve the problem, as well as modify and disclose (the correct figure).\"\u003cbr/\u003e              12. 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