GDP Grows 9.9 Per Cent
Source: http://www.bizchina-update.com/content/view/1492/2/Posted on Monday, October 20th, 2008 | In China
Contributed by: Biz China Update (http://www.bizchina-update.com) -
China’s economy grew 9.9 per cent in the first nine months of this year, the National Bureau of Statistics said today.
The growth rate is considerably lower compared to the same period in 2007, when GDP grew 12.1 per cent, state media reports. In the third quarter, the economy expanded nine per cent, the slowest pace in more than five years. Weak exports and slowing industrial production have been blamed for the slowdown.
The consumer price index, measuring inflation, rose 4.6 per cent in September compared to the same month in 2007.
Last update : Monday, 20 October 2008
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