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The economy expanded by 2.7% in the fourth quarter of last year, showing resilience in the face of economic challenges, the Bureau of Economic Analysis reported in a revised estimate Thursday.
Boosting regional economies is expected to be a key metric in evaluating the performances of China’s local officials ahead of the important 20th Party Congress, but analysts are asking how economic growth goals can be met.
Payment of 1 trillion yuan (US$158 billion) will give Beijing more cash to work with as it shuns overblown stimulus measures but aims to increase the national gross domestic product (GDP) by 5.5 per cent this year.