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China's Q1 GDP growth slows to 7.7%
Source: Xinhua |
April 15, 2013, Monday
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Online Edition
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CHINA'S gross domestic product growth slowed to 7.7 percent in the first quarter but was still above the 7.5-percent full-year target, the National Bureau of Statistics (NBS) announced today.
The GDP growth in the first quarter was 0.2 percentage points lower than the 7.9 percent growth seen in the fourth quarter of 2012.
The bureau also announced today that China's urban fixed asset investment rose 20.9 percent year on year to 5.8092 trillion yuan (US$929.47 billion) in the first quarter this year, at a same pace year on year.
Investment in property development climbed 20.2 percent, down 3.3 percentage points over the same period of last year, the NBS said.
The GDP growth in the first quarter was 0.2 percentage points lower than the 7.9 percent growth seen in the fourth quarter of 2012.
The bureau also announced today that China's urban fixed asset investment rose 20.9 percent year on year to 5.8092 trillion yuan (US$929.47 billion) in the first quarter this year, at a same pace year on year.
Investment in property development climbed 20.2 percent, down 3.3 percentage points over the same period of last year, the NBS said.
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