China’s GDP rises by 10.3 percent in 2010

According to the preliminary data issued by China's National Bureau of Statistics, in 2010 China's gross domestic product (GDP) grew by 10.3 percent year on year to RMB 39.80 trillion ($6 trillion), 1.1 percentage points higher than the year-on-year growth rate in 2009.
 
The output of primary industry in China in 2010 was RMB 4.05 trillion ($613 billion), an increase of 4.3 percent; the output of Chinese secondary industry in 2010 came to RMB 18.65 trillion ($2.82 trillion), rising by 12.2 percent; while the output of tertiary industry in China during the year in question increased by 9.5 percent to RMB 17.1 trillion ($2.59 trillion) - all comparisons are on year-on-year basis.
 
1.      In 2010, China posted steady growth in its agricultural sector. The country's total grain yield reached 546.41 million mt, climbing up 2.9 percent year on year.
2.      Meanwhile, the industrial sectors in China also performed well. In 2010, Chinese large scale industrial enterprises witnessed an increase of 15.7 percent year on year in their total value-added output, 4.7 percentage points higher than the growth in the previous year.
3.      Compared with 2009, fixed asset investments in China rose by 23.8 percent in 2010, reaching RMB 27.81 trillion ($4.2 trillion), 6.2 percentage points lower than the growth rate observed in 2009.
4.      In 2010, retail consumption rose rapidly. During the year, total domestic retail trade in China amounted to RMB 15.46 trillion ($2.34 trillion), surging 18.4 percent from the previous year.
5.      A year-on-year rise was seen in commodity prices during 2010. The average price of various basic commodities was up 3.3 percent as compared with the previous year.
6.      China's total external trading volume in 2010 reached $2.97 trillion, rising 34.7 percent from 2009.