China’s GDP increases 10.4 percent in first half

17/07/2008 -- 3:06 PM

Hanoi (VNA) - China's gross domestic product (GDP) grew 10.4 percent to 13.06 trillion yuan (1.9 trillion USD) in the first half of this year, according to the National Bureau of Statistics (NBS). The growth rate was 1.8 percentage points lower than the same period last year, or 0.2 percentage points lower than the first quarter of this year. China’s Xinhua news agency cited the bureau's chief economist Yao Jingyuan as saying that the two-digit GDP growth rate indicated China's steadily and fast growing economy. "The cooling of GDP growth indicated that the government's macro-economic policy to prevent the economy from going overheated has paid off," Yao said. He added that the slowing world economy and weaker demand on international markets also adversely affected the Chinese economy. –Enditem
Send this page	Print

Asian SMEs optimistic about business operation (16/07/2008)

Bank of Japan downgrades growth forecasts (16/07/2008)

Mitsubishi mulls to produce aircraft components in Vietnam (16/07/2008)

Beijing opens Olympic cultural squares (15/07/2008)

Brazilian President attaches importance to Asian tour (15/07/2008)

Mongolia confirms MPRP takes parliament (14/07/2008)

Conference on capacity building for Palestine opens (14/07/2008)

Australia helps boost world agriculture supplies (13/07/2008)

Beijing ready for 2008 Olympics in August (13/07/2008)

Six-party nuke talks end with verification agreement (12/07/2008)