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China's GDP grows 10.3% in 2010
Source: Xinhua |
January 20, 2011, Thursday
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China's economy resumed annual double-digit growth by expanding 10.3 percent last year, the National Bureau of Statistics announced today.
Gross domestic product hit 39.8 trillion yuan (US$6.05 trillion) last year, Ma Jiantang, director of the NBS, told a press conference Thursday.
In the fourth quarter, GDP growth picked up to 9.8 percent year on year from 9.6 percent in the third quarter, after slowing from 11.9 percent in the first quarter and 10.3 percent in the second.
"In the past year, China has consolidated and boosted its recovery from the global financial crisis, and the national economy is generally operating well," Ma said.
"The country is at a key stage of turning recovery into stable growth," he said.
The government set the full-year growth target at 8 percent in early 2010, after the economy recovered from the global economic downturn and expanded 9.2 percent in 2009 year on year.
Gross domestic product hit 39.8 trillion yuan (US$6.05 trillion) last year, Ma Jiantang, director of the NBS, told a press conference Thursday.
In the fourth quarter, GDP growth picked up to 9.8 percent year on year from 9.6 percent in the third quarter, after slowing from 11.9 percent in the first quarter and 10.3 percent in the second.
"In the past year, China has consolidated and boosted its recovery from the global financial crisis, and the national economy is generally operating well," Ma said.
"The country is at a key stage of turning recovery into stable growth," he said.
The government set the full-year growth target at 8 percent in early 2010, after the economy recovered from the global economic downturn and expanded 9.2 percent in 2009 year on year.
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