China’s premier says 2017 GDP growth expected around 6.9 percent

Mark Schiefelbein | Pool | Getty Images

Chinese Premier Li Keqiang speaks at the Great Hall of the People on January 9, 2018.

Chinese Premier Li Keqiang said the economy is expected to have grown around 6.9 percent last year, according to the official Xinhua news agency.

China’s foreign exchange reserves continued to rise last year, while the country’s corporate leverage ratio declined at a steady pace, Li said at the Mekong-Lancang Cooperation Forum in the Cambodian capital of Phnom Penh on Wednesday, according to Xinhua.