BIZCHINA / Top Biz News |
GDP grows 10.7 percent in 2006(Xinhua)Updated: 2007-01-25 10:59 Preliminary estimation shows China's gross domestic product (GDP) totaled 20.9407 trillion yuan (2.7 trillion U.S. dollars) in 2006, up 10.7 percent year on year, according to latest figures provided by the National Bureau of Statistics (NBS) Thursday.
China's GDP growth was 10.4 percent, 11.5 percent, 10.6 percent and 10.4 percent from the first to fourth quarter of 2006, said Xie Fuzhan, commissioner of the NBS at a press conference. According to previous figures released by the NBS, China's GDP grew 10.3 percent, 11.3 percent and 10.4 percent in the first, second and third quarter, so possibilities exist for the rate in fourth quarter to be revised to a higher level. The Chinese government timely took a series of macro-control policies last year, effectively preventing the economy from going fast into overheated, Xie said. China's primary, secondary and tertiary sectors posted a respective 2.47 trillion, 10.2004 trillion and 8.27 trillion yuan in added value, with the secondary sector, including industry, manufacturing and mining, growing at the fastest pace -- 12.5 percent -- last year, according to Xie. China's consumer price index (CPI), a major inflation index, grew by 1.5 percent in 2006. Housing prices in the country's 70 medium-sized and large cities went up by 5.5 percent in 2006 over the previous year and the increase rate was 2.1 percentage points lower than that for 2005. (For more biz stories, please visit Industry Updates) |
|
|||||