Photo taken on Oct. 14, 2013 shows the container terminal in Waigaoqiao Free Trade Zone in east China's Shanghai municipality. China's gross domestic product (GDP) totaled 38.7 trillion yuan (6.25 trillion U.S. dollars) in the first three quarters of 2013, with the growth at 7.8 percent in the third quarter of the year, the National Bureau of Statistics (NBS) announced Friday. (Xinhua/Lai Xinlin)
BEIJING, Oct. 18 (Xinhua) -- China's gross domestic product growth accelerated to 7.8 percent in the third quarter, up from 7.5 percent in the second quarter, the National Bureau of Statistics announced on Friday.
Growth in the first nine months stood at 7.7 percent, which is in line with market expectations and was above the government's full-year target of 7.5 percent.
"China's economy has maintained a steady growth with major indicators staying within the rational range," Sheng Laiyun, a spokesman for the NBS, said at a press conference.
According to the NBS data, the GDP totaled 38.68 trillion yuan (6.3 trillion U.S. dollars) in the first nine months.
"Major economic indicators are in favour of promoting economic restructuring and pushing forward reforms," Sheng said, adding that the authorities would let the market play a better role to bring out the economy's intrinsic vigor.
The latest GDP figures headed a string of other data showing a rebound in the world's second-largest economy after China's full-year annual growth eased to 7.8 percent last year, its weakest since 1999.
Industrial output increased 9.6 percent year on year in the first nine months of 2013, while the growth of fixed-asset investment, a measure of government and private spending on infrastructure, stood at 20.2 percent during the period, up 0.1 percentage points over the first half of the year.
Retail sales, a key indicator of consumer spending, increased 12.9 percent from a year earlier. The growth rate picked up by 0.2 percentage points from the first half, according to the NBS.
Chinese President Xi Jinping expressed confidence in China's economic future while addressing the Asia-Pacific Economic Cooperation (APEC) CEO summit on the Indonesian resort island of Bali earlier this month.
"Impetus comes from reform, regulation and innovation," he said, adding that the slowdown is an intended result of China's own regulatory initiatives.
BEIJING, Oct. 18 (Xinhua) -- China's urban fixed-asset investment expanded 20.2 percent year on year in the Jan.-Sept. period, easing from the 20.3-percent growth of the first eight months and 20.5 percent in Jan.-Sept. 2012, the National Bureau of Statistics (NBS) announced on Friday.
In September, urban fixed-asset investment grew 1.28 percent from a month ago, bringing the total in the first nine months to 30.92 trillion yuan (5.04 trillion U.S. dollars), the NBS data showed. Full story
BEIJING, Oct. 18 (Xinhua) -- China's business climate index, a major gauge of the country's macroeconomic outlook, rebounded slightly in the third quarter, according to data released on Friday.
The business climate index was 121.5 points for the third quarter, up 0.9 points from the previous quarter, the National Bureau of Statistics (NBS) said in a statement. Full story
BEIJING, Oct. 18 (Xinhua) -- China's industrial production rose 10.2 percent year on year in September, down slightly from August's 10.4-percent increase, official data showed on Friday.
The country's industrial value-added output climbed 9.6 percent in the first nine months from the same period last year, accelerating from the 9.3-percent rise registered in the first half of the year, the National Bureau of Statistics said. Full story
BEIJING, Oct. 18 (Xinhua) -- China's retail sales grew 12.9 percent year on year to 16.88 trillion yuan (2.75 trillion U.S. dollars) in the first three quarters of this year, the National Bureau of Statistics (NBS) said Friday.
Total retail sales in September hit 2.07 trillion yuan, up 13.3 percent over the same period last year, and down slightly from the 13.4-percent growth registered in August, the NBS data showed. Full story
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