Growth expected to hit 8.5% in 2003
( 2003-11-27 22:29) (Xinhua)
Officials with the National Statistics Bureau said Wednesday that this year's
gross domestic product is expected to break a new record of 11 trillion yuan or
over US$1.3 trillion, with an economic growth rate of 8.5 percent.
They said China's economy continues to grow rapidly in spite of complicated
international situations, the outbreak of SARS and frequent natural disasters.
In the third quarter of this year, China's economy already recovered to its
pre-SARS level.
Meanwhile, China's foreign exchange reserve hopes to hit a new high of US$400
billion this year. And the industrial production growth rate has also reached
the highest level since 1995. The country's import-export volume will also
exceed that of last year.
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