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Nation sees 7.9 percent GDP growth in Jan-Sept
( 2002-10-16 16:24 ) (8 )

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.