China’s GDP rises by 10.6 percent in January-September

Friday, 22 October 2010 17:51:21 (GMT+3)   |  
       

According to the preliminary data issued by China's National Bureau of Statistics, in the first three quarters of this year China's gross domestic product (GDP) totaled RMB 26,866 billion ($4,028 billion), seeing 10.6 percent growth year on year, with this growth rate up 2.5 percentage points compared to the 8.1 percent GDP growth rate recorded in the corresponding period of 2009.

In the January-September period this year, aggregate profits of domestic large-scale industrial enterprises totaled RMB 2,600.5 billion ($390 billion), up 55 percent over the corresponding period of 2009. For the period in question, 37 out of 39 industry sectors in China registered increased profits on year-on-year basis.

Meanwhile, China's fixed assets investments indicated a rapid increase in the first three quarters of this year, amounting to RMB 19,222.8 billion ($2,882 billion), up 24 percent over the same period of 2009.

Also, in the first three quarters of this year, China's consumer price index (CPI) increased by 2.9 percent year on year. In September, China's CPI saw 3.6 percent year-on-year growth, up 0.6 percent over August.


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