China’s GDP grows 8.7 percent in 2009

Thursday, 21 January 2010 17:09:31 (GMT+3)   |  

According to the preliminary figures, in 2009 China's gross domestic product (GDP) reached RMB 33.54 trillion ($4.91 trillion), up 8.7 percent year on year. Looking at the various quarters in turn, China's GDP grew 6.2 percent in the first quarter, 7.9 percent in the second, 9.1 percent in the third and 10.7 percent in the fourth quarter.

In 2009, the consumer price index (CPI) in China was down 0.7 percent, with PPI down 5.4 percent compared with year 2008.

Meanwhile, fixed assets investment in China during the past year rose 30.1 percent year on year to RMB 22.49 trillion ($3.29 trillion), with the growth rate up 4.6 percentage points from 2008.


Similar articles

Guangtou Lingang One Industrial Development Fund to increase capital in Guangxi Steel

30 Dec | Steel News

China to complete issuance of special bonds worth $0.28 trillion for local governments

13 Dec | Steel News

BOCRI: China’s GDP to grow by five percent in 2024

29 Nov | Steel News

China cuts loan prime rates for third time in 2024, effect on steel market limited

22 Oct | Steel News

Increase in real estate loans in China to RMB 4 trillion considered insufficient, steel market falls

17 Oct | Steel News

Goldman Sachs raises China’s GDP growth forecasts for 2024 and 2025

15 Oct | Steel News

China’s finance ministry to announce new stimuli on Oct. 12, at least RMB 2 trillion foreseen

11 Oct | Steel News

China’s NDRC announces less-than-expected spending, causing mixed sentiments in steel market

08 Oct | Steel News

PBOC cuts RRR by 0.5 percentage points as of September 27

27 Sep | Steel News

China’s social financing amounts to RMB 18.87 trillion in January-July

14 Aug | Steel News