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16th Party Congress |
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Nation
sees 7.9 percent GDP growth in Jan-Sept
(10/16/2002)
China's gross domestic product (GDP) reached 7.1682 trillion yuan
(866 billion US dollars) in the first nine months of this year, up
7.9 percent year-on-year, according to statistics released Wednesday
by the National Bureau of Statistics (NBS).
NBS Deputy Director Qiu Xiaohua told a press conference Wednesday
morning that this growth rate was 0.3 percentage points higher than
that a year earlier.
He said that the added value of the primary industry was 895.9 billion
yuan, up three percent; that of the secondary industry was3.8168 trillion
yuan, up 10 percent; and that of the tertiary industry was 2.4555
trillion yuan, up 6.6 percent.
Qiu said that driven by the dual force of the state's policies for
expanding domestic demand and the market, the Chinese economy has
been growing more steadily for far this year.
Compared with the same period last year, the GDP growth for thelast
three quarters were 7.6 percent, eight percent and 8.1 percent,
respectively.
The growth in industrial production, sales and foreign trade has
also shown a sign of acceleration quarter by quarter.
All this indicates that the foundation for China's economic growth
is further consolidated, he said.
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