(MENAFN) Growth in China's real estate and financial sector slowed in the fourth quarter of 2016, despite a jump in the whole service sector that contributed to better GDP growth.
Meanwhile, the country's economy expanded by 6.8 percent in the cited period due to strong consumer spending and record bank lending to stimulate the economy.
Accordingly, China's red-hot property market, which accounts for almost 15 percent of GDP, saw its growth slow to 7.7 percent in the cited period.
However, growth in the construction sector also slowed in the same quarter to 5.9 percent from 6.0 percent in the third quarter.
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