As of December 31, 2016 and 2017, the carrying amounts and fair value of the Group’s long-term debt and payable were as follows:
| December 31, 2016 | December 31, 2017 | |||||||||||||||
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Carrying amount |
Fair value |
Carrying amount |
Fair value |
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| RMB | RMB | RMB | RMB | |||||||||||||
|
Long-term debt and payable |
71,646 | 71,741 | 49,742 | 48,256 | ||||||||||||
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