China's economy grows 9.9%
SteelOrbis Shanghai
China's gross domestic
production rose 9.9 percent to RMB 18.2 trillion ($2.3 trillion) in 2005 after expanding 10.1 percent in 2004, the Chinese National Bureau of Statistics said in a publicly-announced statement in Beijing on Wednesday, January 25. The growth rate of
China's industrial sectors is 11.4 per cent.
China's 2005 investment growth rate slightly declined. The fixed assets
investments went up 25.7 percent to RMB 8.8604 trillion, 0.9 percent lower compared to the previous year.
In 2005, the residential
consumption prices was up 1.8 percent, 2.1 percent lower from a year earlier, while ex-factory price for industrial products was up 4.9 percent, 1.2 percent lower than last year.