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Chinese GDP growth surges to 11.9%

16
Apr '10
At the press conference held by the Information Office of the State Council on April 15, Li Xiao Chao, spokesman of National Bureau of Statistics (NBS) said that overall pick-up momentum of Chinese national economy has further consolidated.

Preliminary estimates reveal that China's Gross Domestic Product (GDP) achieved 8.0577 trillion Yuan in the first quarter; a GDP growth of 11.9 percent over the same period of the previous year.

The GDP has increased by 5.7 percent in the first quarter of 2010, compared to the economic growth of just over 6 percent in the same quarter a year ago and is also up from 10.7 percent, in the final quarter of 2009.

Total retail sales of social consumable marked 3.6374 trillion Yuan, up 17.9 percent year on year. China's consumer prices rose 2.2 percent year on year and industrial added value rose 19.6 percent year on year.

Fibre2fashion News Desk - China


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