China’s GDP expected to rise by 8.5%
According to the latest data published by Chinese National Bureau of Statistics, the gross domestic product (GDP) per capita is expected to exceed $1'000 in China this year. The industrial growth is particularly attributed to the production which was affected by the rising consumption of autos and mobile phones this year. Moreover, the real estate industry and private investments have positively impacted the economic growth. Economists expect that China's GDP will pass over Yuan 11 trillion (approx. $1.3 trillion) in 2003, up by 8.5% compared to last year.