GDP growth revised down to 9.4%
(CRI.com/Reuters)
Updated: 2005-05-23 15:15

China's gross domestic product expanded 9.4 percent in the first quarter of 2005 from a year earlier, revised down from an initial estimate of 9.5 percent because of weaker industrial output growth, the National Bureau of Statistics said.

The NBS released the revision on its Web site, www.stats.gov.cn.

The NBS scaled back its estimate of growth in secondary industries to 11.1 percent from 11.3 percent because of a revision in the contribution of industrial output growth to 15.8 percent from 16.2 percent.

The bureau revised up the output of tertiary industries to 7.7 percent from 7.6 percent because of stronger growth in the transport, post and telecommunications sector.

China's GDP expanded 9.5 percent in 2004, driven by rapid growth in investment in fixed assets such as power plants and factories.

The economy is likely to grow 8.8 percent this year, according to a Reuters poll of 10 economists conducted last week. Growth over the past 5 years in the world's seventh-largest economy has averaged 8.4 percent.

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