Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
China's economy grows 10.6% in 1st quarter
Adjust font size:

China's economic growth slowed down slightly to 10.6 percent in the first quarter, compared with 11.7 percent in the same period of last year, the government said Wednesday.

China maintained steady and fast growth since the beginning of the year, despite the unprecedented freak winter weather and the widespread subprime mortgage crisis, the National Bureau of Statistics spokesman Li Xiaochao said.

The world's fourth-largest economy expanded at a blistering 11.9-percent pace for all of 2007, the fifth consecutive year its annual economic growth exceeded 10 percent.

Industrial production rose 16.4 percent year-on-year in the first three months. The increase was 1.9 percentage points lower than that in the same period of 2007.

Fixed asset investment reached 2.18 trillion yuan (311 billion U.S. dollars), up 24.6 percent, which was 0.9 percentage points higher than a year ago.

 • CPI   • Retail sales 

(Xinhua News Agency April 16, 2008)

 

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Slowing US economy may drag down China's GDP by 1%
- Hu: China, US share responsibility for world economy
- Int'l financial crisis negatively influences global economy
- Most Chinese CEOs confident in global economy
- Premier deeply worried about world economy
- 2008 likely to be most difficult for Chinese economy
Most Viewed >>
- China's exporters challenged amid US credit crisis
- China Eastern fined 1.5 million yuan, stripped of routes
- Largest yet 'Canton Fair' opens
- Mainland tycoons to check out Taiwan
- Binhai: latest wonderland for foreign ventures

April 11-13 Boao Forum for Asia

May 15-17 Shanghai Women's Forum Asia

Dec. 12-13 Beijing
China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?