GDP rises 10.3% in Q1

Wednesday, 24 May 2006 14:24:57 (GMT+3)   |  
       

SteelOrbis Shanghai According to National Bureau of Statistics of China, gross domestic production (GDP) increased 10.3 percent year on year to RMB 4.34 trillion ($541 billion) in the first quarter. GDP growth in the first quarter is 0.1 percentage point, or 7.7 billion RMB ($960 million) higher than the earlier calculation of the Statistics Bureau, which was published on April 20, 2006. Primary industries accounted for RMB 324.2 billion ($40.42 million) up 4.5 percent, which is 0.1 percentage points lower than last year's growth. Secondary industries accounted for RMB 2.16 trillion ($269 million), maintaining 12.5 percent year on year growth rate which is equal to that of last year. The share of tertiary industries in the GDP of the first quarter is RMB 1.85 trillion ($230.67 million) up 8.9 percent year on year. The growth rate is 0.2 percentage points higher than that of last year.

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