China GDP up 7.7% in 2013

Source: Xinhua | January 20, 2014, Monday |

Online Edition

China's economy grew 7.7 percent year on year in 2013, the same as 2012 and beating the government's target of 7.5 percent, according to the National Bureau of Statistics (NBS) today.

Last year, gross domestic product (GDP) reached 56.88 trillion yuan (US$9.31 trillion).

The economy's fourth-quarter growth also stood at 7.7 percent.

"China's economic performance stabilized in 2013," said Ma Jiantang, director of the NBS at a press conference, citing encouraging GDP and job data as well as subdued inflation.

The Chinese government defined the "upper and lower limits" of the reasonable range of economic performance in 2013. With a GDP growth rate of 7.5 percent, the "lower limit" is intended to ensure steady expansion and employment, and with the consumer price index at around 3.5 percent, the "upper limit" is meant to prevent inflation.

Figures showed that China created more than 10 million new jobs in 2013 and inflation came in at 2.6 percent for the whole year.

Economy

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

China GDP up 7.7% in 2013

Email this to your friend