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China’s GDP Up 9.2% in 2011

China’s GDP Up 9.2% in 2011

17 January 2012 08:00 (UTC +04:00)

Baku - APA-Economics. China’s gross domestic product (GDP) registered a year-on-year increase of 9.2 percent reaching 47.16 trillion yuan (approximately 7 trillion US dollars) over the course of 2011, the National Bureau of Statistics (NBS) announced earlier this morning.

The growth rate was 1.1 percentage points lower than that registered last year, according to Ma Jiantang, the Commissioner of the NBS, who read the bureau’s report on the 2011 economic figures at an official press conference in Beijing.

China’s GDP grew 8.9 percent in the final quarter of this year when compared to the fourth quarter of 2010, lower than its third quarter growth rate of 9.1 percent.
Earlier this year, the government had set its annual economic growth target at around 8 percent for 2011.

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