China’s economy expanded by 9.2 percent in 2011 from the year earlier and 8.9 percent year-on-year in the fourth quarter, reported Xinhua News Agency on Jan. 17.
The quarterly growth was the lowest in the latest 10 quarters. China set its full-year growth target at 8 percent in early 2011 after its economy grew 10.3 percent in 2010.
Xinhua cited the National Bureau of Statistics (NBS) as saying that China ’s GDP in 2011 reached 47.16 trillion RMB (7.26 trillion USD).
NBS data showed China 's industrial value-added output growth eased in 2011 from a year earlier to 13.9 percent year-on-year. The country's fixed-asset investment, a measure of government spending on infrastructure, rose 23.8 percent year-on-year. Retail sales, a key indicator of consumer spending, rose 18.1 percent year-on-year in December 2011, up from the 17.3-percent growth seen in November.
Chinese economic expert said the country faces a complex external environment in 2012, as the economies of the European Union and the United States remain sluggish, the global financial market is experiencing turbulence and protectionism is on the rise.
2011 is the starting year of the 12 th Five-Year Plan (2011-2015) of China . In the period, the country plans to make adjustments to macro-economic policies./.
The quarterly growth was the lowest in the latest 10 quarters. China set its full-year growth target at 8 percent in early 2011 after its economy grew 10.3 percent in 2010.
Xinhua cited the National Bureau of Statistics (NBS) as saying that China ’s GDP in 2011 reached 47.16 trillion RMB (7.26 trillion USD).
NBS data showed China 's industrial value-added output growth eased in 2011 from a year earlier to 13.9 percent year-on-year. The country's fixed-asset investment, a measure of government spending on infrastructure, rose 23.8 percent year-on-year. Retail sales, a key indicator of consumer spending, rose 18.1 percent year-on-year in December 2011, up from the 17.3-percent growth seen in November.
Chinese economic expert said the country faces a complex external environment in 2012, as the economies of the European Union and the United States remain sluggish, the global financial market is experiencing turbulence and protectionism is on the rise.
2011 is the starting year of the 12 th Five-Year Plan (2011-2015) of China . In the period, the country plans to make adjustments to macro-economic policies./.
