China's gross domestic product growth slowed to 7.7 percent
BEIJING, April 15...China's gross domestic product growth slowed to
7.7 percent in the first quarter but was still above the 7.5-percent
full-year target, the National Bureau of Statistics announced on Monday.
The GDP growth in the first quarter was 0.2 percentage points lower than the 7.9 percent growth seen in the fourth quarter of 2012.
China's retail sales up 12.4 pct in Q1
-- China's retail sales grew 12.4 percent year on year to 5.5451 trillion yuan (887.22 billion U.S. dollars) in the first quarter of this year, down 2.4 percentage points year on year, the National Bureau of Statistics said on Monday.
The bureau attributed the slower growth to decrease in the catering sector due to the the efforts by the government to curb fiscal spending. Full story
China targets 7.5-pct GDP growth
The Chinese government announced Tuesday that its GDP growth target will remain around 7.5 percent this year to leave room for economic restructuring.
The target is intended to help create jobs and improve people's well-being, Premier Wen Jiabao said while delivering his last government work report to the opening session of 12th National People's Congress (NPC), China's top legislature. Full story
Think tank predicts 8.4-pct China GDP growth
A leading think tank predicted on Saturday that China's GDP will grow in 2013 at a rate of 8.4 percent, up by 0.6 percentage points from that of 2012.
The Center for Forecasting Science with the Chinese Academy of Sciences said it expects China's economy will see a modest rebound in 2013, with secondary and tertiary industries rising by 8.9 percent and 8.8 percent, respectively. Full story
ADB raises China 2013 growth forecast
The Asian Development Bank (ADB) has revised its forecast for China's 2013 economic growth from 8.1 percent to 8.2 percent while stressing downside risks.
The GDP growth in the first quarter was 0.2 percentage points lower than the 7.9 percent growth seen in the fourth quarter of 2012.
China's retail sales up 12.4 pct in Q1
-- China's retail sales grew 12.4 percent year on year to 5.5451 trillion yuan (887.22 billion U.S. dollars) in the first quarter of this year, down 2.4 percentage points year on year, the National Bureau of Statistics said on Monday.
The bureau attributed the slower growth to decrease in the catering sector due to the the efforts by the government to curb fiscal spending. Full story
China targets 7.5-pct GDP growth
The Chinese government announced Tuesday that its GDP growth target will remain around 7.5 percent this year to leave room for economic restructuring.
The target is intended to help create jobs and improve people's well-being, Premier Wen Jiabao said while delivering his last government work report to the opening session of 12th National People's Congress (NPC), China's top legislature. Full story
Think tank predicts 8.4-pct China GDP growth
A leading think tank predicted on Saturday that China's GDP will grow in 2013 at a rate of 8.4 percent, up by 0.6 percentage points from that of 2012.
The Center for Forecasting Science with the Chinese Academy of Sciences said it expects China's economy will see a modest rebound in 2013, with secondary and tertiary industries rising by 8.9 percent and 8.8 percent, respectively. Full story
ADB raises China 2013 growth forecast
The Asian Development Bank (ADB) has revised its forecast for China's 2013 economic growth from 8.1 percent to 8.2 percent while stressing downside risks.
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