China's first-quarter GDP grows by 11.9 percent
China's gross domestic product (GDP) has grown by 11.9 percent year on
year in the first quarter of this year to 8.06 trillion CHY (1.19
trillion USD), reported the National Bureau of Statistics (NBS) on April
15.
China's gross domestic product (GDP) has grown by 11.9 percent year on year in the first quarter of this year to 8.06 trillion CHY (1.19 trillion USD), reported the National Bureau of Statistics (NBS) on April 15.
With the implementation of a stimulus package to combat the global financial crisis, the Chinese economy achieved a good start to the year as the recovery’s momentum continues to grow, laying a solid foundation for the country to meet its annual economic targets, said NBS spokesman Li Xiaochao.
However, Li noted the economic conditions remained "very complex" with many difficulties still existing. Therefore, the proactive fiscal policy and moderately easy monetary policy would continue, he said.
According to the NBS, China's consumer price index (CPI) rose 2.4 percent year on year in March. This was down 0.7 percent compared with the previous month and up 2.2 percent for the first quarter when compared with the same period last year.
The producer price index (PPI), a major measurement of overall inflation, has increased by 5.9 percent in March from a year earlier and retail revenues also surged by 17.9 percent.
The NBS reported that the country’s industrial output surged by 19.6 percent year on year in the first quarter, while its investments in fixed assets recorded a 25.6 percent rise in the period./.
With the implementation of a stimulus package to combat the global financial crisis, the Chinese economy achieved a good start to the year as the recovery’s momentum continues to grow, laying a solid foundation for the country to meet its annual economic targets, said NBS spokesman Li Xiaochao.
However, Li noted the economic conditions remained "very complex" with many difficulties still existing. Therefore, the proactive fiscal policy and moderately easy monetary policy would continue, he said.
According to the NBS, China's consumer price index (CPI) rose 2.4 percent year on year in March. This was down 0.7 percent compared with the previous month and up 2.2 percent for the first quarter when compared with the same period last year.
The producer price index (PPI), a major measurement of overall inflation, has increased by 5.9 percent in March from a year earlier and retail revenues also surged by 17.9 percent.
The NBS reported that the country’s industrial output surged by 19.6 percent year on year in the first quarter, while its investments in fixed assets recorded a 25.6 percent rise in the period./.
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