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Chinese economy posts excellent growth rates in 2010
25
Oct '10
In face of complex and changing domestic and international environments as well as a variety of major challenges in the previous two years, all provincial governments and departments in China adhered to the implementation of packages and various policy measures.

This helped to a great extent in coping with the international financial crisis, accelerated change in the mode of economic development and economic restructuring, the momentum of China's economy further strengthened and continued moving in the expected direction of macro regulation and control.

According to preliminary estimates, China's gross domestic product registered 26.866 trillion Yuan in the first three quarters, an increase of 10.6 percent over the year earlier (calculated at comparable prices), the rate accelerated by 2.5 percent year on year.

In the first quarter of 2010, it grew by 11.9 percent, in the second quarter GDP rose 10.3 percent and in the third quarter it gained 9.6 percent.

From the view of sub-industries, added value of the primary industries was 2.56 trillion Yuan, an increase of 4.0 percent year on year; added value of the secondary industries was 12.9325 trillion Yuan, up 12.6 percent, added value of the tertiary industries was 11.3735 trillion Yuan, an increase of 9.5 percent.

Fibre2fashion News Desk - China


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