March 21, 2025
    Advanced Search 
  Home>News Center>China
       
 

China's economy grows 9.5% in 2004
(Agencies)
Updated: 2005-01-25 15:17

China's booming economy grew even faster in 2004, expanding at a blistering pace of 9.5 percent after 9.3 percent the previous year, official statistics showed.


National Bureau of Statistics Commissioner Li Deshui speaks at a press conference in Beijing January 25, 2005. He said China's GDP grew at 9.5% in 2005, the fastest pace in several years. [Xinhua]
The National Bureau of Statistics (NBS) said gross domestic product (GDP) came to 13.65 trillion yuan (US$1.65 trillion) as exports continued to drive expansion.

"It's very strong data. There is no sign of a slowdown in 2005. This is an economy fully capable of growing eight to 10 percent for many years," said Tim Condon, economist at ING Barings.

Li Deshui, commissioner for the National Bureau of Statistics, said the country had achieved "tangible" results in cementing macro-controls and had curbed "unhealthy and unstable" factors in the economy.

"National economic development will maintain the good momentum of stable and rapid growth with mild increase in prices as long as we follow the guiding principle of the scientific concepts of economic and social development set forth by the central government," he said.

He added that China must "implement various measures in strenthening and improving macro-economic regulations, continuously push reform and opening programs and make efforts in building a harmonious society".

China began 2004 amid serious worries that the economy was dangerously overheated, with easy credit fuelling a production boom and soaring investment in government infrastructure products.

Models dressed in the items selected by shoppers to help them make up their minds pose by a mirror at a boutique in Beijing. China's booming economy grew even faster in 2004, expanding at a blistering pace of 9.5 percent after 9.3 percent the previous year, official statistics showed(AFP/File)
Models dressed in the items selected by shoppers to help them make up their minds pose by a mirror at a boutique in Beijing. China's booming economy grew even faster in 2004, expanding at a blistering pace of 9.5 percent after 9.3 percent the previous year, official statistics showed. [AFP/file]
Inflation rose at an alarming rate, hitting a peak of 5.3 percent in July and August, as inventories of cars and production steel and cement rose sharply.

Fixed asset investment, an indication of how much the government is spending on major infrastructure projects, hit 10-year highs in the January to March period, growing 43 percent but efforts now to cool overheated industries such as real estate, construction and autos are seen to be taking effect.

China has made clear that ensuring the economy remains on a more even keel this year is crucial.

Last month it said a prudent fiscal policy, and stable economic growth with an emphasis on efficiency and preventing overheating, were the overarching goals for 2005.

China's dizzying fixed-asset investment slowed slightly last year to 25.8 percent compared with 26.7 percent in 2003 and analysts said the amount of money the government was spending on large infrastructure projects should continue to fall.

Among other figures released today, China's industrial output grew 11.5 percent in 2004 compared to 17 percent in 2003.

Consumer prices continued to gain last year, rising to 3.9 percent, some 2.7 percentage points more than the previous year, driven by soaring food prices, the data showed, but at least off the mid-year highs.

Urban prices were up 3.3 percent over 2003, while rural prices rose 4.8 percent, said Li.

Food prices alone jumped 9.9 percent, while fuel prices last year increased by 11.4 percent over 2003.

Meanwhile, retail sales of consumer goods increased 13.3 percent over 2003, reaching 5.395 trillion yuan (US$651 billion), or at a 10.2 percent rate when adjusted for inflation.



 
  Today's Top News     Top China News
 

Economic growth 'fast and stable'

 

   
 

Nation backs ASEAN disaster alert plan

 

   
 

Spring Festival peak travel jams railways

 

   
 

Stampede at Hindu procession kills 150

 

   
 

Sailors who "abducted" fishing boat freed

 

   
 

Bush wants $80B more for Iraq, Afghan wars

 

   
  Nation backs ASEAN disaster alert plan
   
  260 pairs of temporary trains launched for peak travel season
   
  Ministry step up efforts to gird for bird flu
   
  Sailors who "abducted" fishing boat freed
   
  Twists and turns on the long journey home
   
  China's economy grew 9.5% in 2004, fastest in 8 years
   
 
  Go to Another Section  
 
 
  Story Tools  
 
Font Large Medium Small
E-Mail This Story
Print Friendly Format
Comment On This Story
Save This Story
 
  Related Stories  
   
China's economy grew 9.5% in 2004, fastest in 8 years
   
WB: China's economy faces challenges
   
37 countries regard China's market economy status
   
Key economic policies mapped out for 2005
   
Economy to maintain fast, stable momentum
   
Hu: Economy to grow about 9% in 2004
   
China predicts 9.3 percent economic growth
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         

| Home | News | Business | Living in China | Forum | E-Papers | Weather |

| About China Daily | About China Daily.com.cn | Contact Us | Site Map | Jobs |
 Copyright 2005 Chinadaily.com.cn All rights reserved. Registered Number: 20100000002731
主站蜘蛛池模板: 国产精品一区二区久久沈樵| 无码人妻久久一区二区三区免费丨| 做暧暧小视频全集免费| 超碰aⅴ人人做人人爽欧美| 脱顶胖熊老头同性tv| 国产精品三级视频| 97精品伊人久久久大香线蕉| 宵宫被爆3d动画羞羞漫画 | 污污的网站免费观看| 免费看欧美一级特黄a大片| 肉色无边(高h)| 国产亚洲蜜芽精品久久| 免费观看激色视频网站(性色)| 国产高清自产拍av在线| chinesespanking2实践| 小娇乳H边走边欢1V1视频国产| 中文字幕精品在线观看| 日本免费色网站| 久久精品欧美日韩精品| 最近中文字幕更新8| 亚洲人成在线精品| 欧美日韩亚洲区久久综合| 亚洲精品自拍视频| 狼人久久尹人香蕉尹人| 免费现黄频在线观看国产| 精品小视频在线| 啊~怎么又加了一根手指| 自拍偷自拍亚洲精品播放| 国产乱人伦app精品久久| 顶级欧美妇高清xxxxx| 国产思思99re99在线观看| 国产激爽大片高清在线观看| 国产真实乱了全集mp4| avtt2015天堂网| 国产精品亚洲精品青青青| 中国xxxxx高清免费看视频| 国产精品电影一区| 337p西西人体大胆瓣开下部| 国产精品爽爽va在线观看无码 | 亚洲精品欧美精品日韩精品| 特级aaaaaaaaa毛片免费视频 |