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.


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