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

GDP up 9.4% on back of spending
By Su Bei (China Daily)
Updated: 2005-10-21 05:44

Rising consumer spending coupled with strong fixed-asset investment helped China's economy grow by a sizzling 9.4 per cent year-on-year in the third quarter, the National Bureau of Statistics (NBS) said yesterday.

The gross domestic product, which stood at 10.6 trillion yuan (US$1.3 trillion) during the period, continued to maintain steady and rapid growth, NBS spokesman Zheng Jingping said.

The third quarter's figure follows similar stellar growth of 9.5 per cent in the second quarter and 9.4 per cent in the first.

Retail sales, an important indicator of consumption, rose 13 per cent year-on-year to 4.5 trillion yuan (US$554.8 billion) during the first three quarters of this year, as people increased spending on goods such as cars and mobile phones and services such as air travel.

Domestically-made passenger vehicle sales grew by 16.8 per cent in the first three quarters to 2.8 million units from a year ago.

The world's largest mobile-phone maker Nokia said its sales in China jumped 76 per cent to 7.4 million handsets in the second quarter.

China Eastern, the country's third-largest carrier, said yesterday that it flew 2.51 million passengers last month, 55 per cent more than a year earlier.

Zhuang Jian, a senior economist with the Asian Development Bank's resident mission in China, said sales were boosted by rising household incomes and stable prices.

Per capita disposable income of urban residents rose 9.8 per cent in real terms to 7,902 yuan (US$974) during the first three quarters, while per capita net income of rural residents rose 11.9 per cent to 2,450 yuan (US$302).

China's fixed-asset investment rose 26.1 per cent year-on-year to 5.7 trillion yuan (US$702.8 billion) during the January-September period, while net exports stood at US$68.3 billion.

The country's economy will continue to grow at a high rate for the rest of this year, Zheng said.

The Asian Development Bank earlier predicted that China's economy would grow 9.2 per cent this year, while the Chinese Academy of Social Sciences forecast it would grow 9.4 per cent. For the whole year, "economic growth should be 9 per cent or slightly higher," Zheng said.

Due to a number of positive factors, China is capable of maintaining high growth rates for a long time, he said, but warned that the economy will also face a number of difficulties such as constraints in energy supplies and weakness in the agriculture sector.

(China Daily 10/21/2005 page1)



Old building demolished in Shanghai
Plowing in the Tian'anmen Square
Shenzhou VI re-entry capsule opened in Beijing
  Today's Top News     Top China News
 

China offers nuclear assurance to Rumsfeld

 

   
 

Nation's GDP up 9.4% on back of spending

 

   
 

China step up efforts in bird flu fight

 

   
 

Oil price impact on China's economy 'limited'

 

   
 

Construction Bank raises 8 b dollars in IPO

 

   
 

China's car sales grow 33% in September

 

   
  HK to form panel to study universal suffrage
   
  Rumsfeld's Beijing visit described as 'fruitful'
   
  China, ASEAN step up war against drugs
   
  Agreement reached on direct flight opening
   
  Feted killer of triad head sentenced to death
   
  Aquarium sued over alleged shark attack
   
 
  Go to Another Section  
 
 
  Story Tools  
 
Font Large Medium Small
E-Mail This Story
Print Friendly Format
Comment On This Story
Save This Story
 
  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: 国产免费私拍一区二区三区| 好大好硬好深好爽想要之黄蓉| 亚洲国产精品福利片在线观看| 精品久久久久久亚洲精品| 日韩高清免费在线观看| 四虎国产精品免费久久| 91视频最新地址| 娇妻校花欲乱往事叶子| 亚洲AV第一成肉网| 欧美精品亚洲精品日韩专区 | 一本大道香蕉大vr在线吗视频| 日本乱妇bbwbbw| 亚洲欧美日韩综合一区| 色综合久久久无码中文字幕波多| 国产熟女一区二区三区五月婷| 777奇米四色米奇影院在线播放| 天堂а√中文最新版在线| 一个人hd高清在线观看免费直播| 手机看片你懂的| 亚洲午夜久久久久久久久电影网| 波多野结衣在丈夫面前| 免费人成激情视频在线观看冫| 欧美成人免费tv在线播放| 性猛交xxxxx按摩中国| 久久久久久国产精品无码下载| 日韩美女一级视频| 亚洲aⅴ男人的天堂在线观看 | 免费观看的毛片| 成年人网站免费视频| 国产精品入口麻豆完整版| 91freevideos精品| 国色天香社区在线观看免费播放 | 91亚洲一区二区在线观看不卡| 在线精品免费视频无码的 | 精品人妻大屁股白浆无码| 又黄又爽一线毛片免费观看| jizz中国jizz欧洲/日韩在线| 婷婷六月综合网| 三级黄色小视频| 成人免费毛片观看| 国产成人精品一区二三区|