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| Facts and figures: key indicators of China's economic performance in 2009 and previous years BEIJING, Jan. 21 (Xinhua) -- China's National Bureau of Statistics (NBS) Thursday released several key economic indicators for 2009, which indicated the world's third largest economy was consolidating and broadening its recovery. These key figures included gross domestic product (GDP), industrial added value, consumer price index (CPI), fixed-asset investment and retail sales. The following are details of these figures in 2009 and previous years. GDP According to the NBS, China's GDP rose 8.7 percent in 2009 to reach 33.53 trillion yuan (about 4.91 trillion U.S. dollars). Such a growth rate went beyond the target set by the Chinese government in March 2009, when Premier Wen Jiabao told the National People's Congress (NPC), the country's top legislature, that China's economy would grow at an annual rate of around eight percent for the past year. The Chinese government has long believed that a GDP growth of eight percent is essential to create enough jobs. ghd iv stylerThe country's GDP grew 6.1 percent in the first quarter of 2009, 7.9 percent in the second quarter, 8.9 percent in the third quarter and 10.7 percent in the fourth quarter. China's GDP now stands very close to that of Japan, the world's second largest economy only after the United States. In 2008, Japan's GDP stood at 4.9 trillion U.S. dollars. The Japanese economy contracted amid the global downturn last year, but the Japanese yen has been rising against the greenback since last year. Japan has not yet released its GDP for last year. The Chinese economy has grown fast in the last few years, with the GDP soaring about 147 percent from 13.58 trillion yuan in 2003 to 33.53 trillion yuan in 2009. The annual growth rates of China's GDP between 2003 and 2008 were 10 percent in 2003, 10.1 percent in 2004, 10.4 percent in 2005, 11.6 percent in 2006, 13 percent in 2007 and 9.6 percent in 2008, respectively, according to the NBS. INDUSTRIAL ADDED VALUE According to the NBS, China's industrial added value rose 11 percent in 2009 from a year earlier. Mont Blanc Watch ReplicaChina's industrial added value grew 5.1 percent in the first quarter of last year, 9.1 percent in the second quarter, 12.4 percent in the third quarter, and 18 percent in the fourth quarter. In nine years between 2001 and 2009, the annual growth rates of China's industrial added value were 9.9 percent in 2001, 12.6 percent in 2002, 17 percent in 2003, 16.7 percent in 2004, 16.4 percent in 2005, 16.6 percent in 2006, 18.5 percent in 2007, 12.9 percent in 2008, and 11 percent in 2009. China uses the industrial added value to measure the business activities of some 430,000 designated large enterprises each with an annual turnover of at least 5 million yuan. The industrial added value is a most important indicator to weigh China's industrial activities and the country's manufacturing-based economy. The industrial output accounted for 43 percent of China's total GDP in 2008 and contributed 42.8 percent to the GDP growth in the same year, Minister of Industry and Information Technology Li Yizhong said last November. CPI Th | ||
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