China's economic growth will reach 6.8 percent year-on-year in 2017, thanks to the strong economic momentum witnessed in the first six months of the year, rebound in exports and a favorable external environment, a new report said.

The report, published by the Investment Strategy Group, a research unit of Goldman Sachs, said the country's gross domestic product is on track to clock the first uptick since 2010 in 2017.

"This would be the first, albeit modest, acceleration in annual growth since 2010," said Wang Shengzu, co-head of the ISG.