|A consumer (R) consults with a salesrep from a real estate company in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region, Sept. 30, 2013. China's economy grew 7.7 percent year on year in 2013, the National Bureau of Statistics said on Jan. 20, 2014. Last year, the country's gross domestic product (GDP) reached 56.8845 trillion yuan (9.31 trillion U.S. dollars). (Xinhua/Peng Zhaozhi)
BEIJING, Jan. 20 (Xinhua) -- China's economy grew 7.7 percent year on year in 2013, the same as 2012 and beating the government's target of 7.5 percent, according to the National Bureau of Statistics (NBS) on Monday.
Last year, gross domestic product (GDP) reached 56.88 trillion yuan (9.31 trillion U.S. dollars).
The economy's fourth-quarter growth also stood at 7.7 percent.
"China's economic performance stabilized in 2013," said Ma Jiantang, director of the NBS at a press conference, citing encouraging GDP and job data as well as subdued inflation.
The Chinese government defined the "upper and lower limits" of the reasonable range of economic performance in 2013. With a GDP growth rate of 7.5 percent, the "lower limit" is intended to ensure steady expansion and employment, and with the consumer price index at around 3.5 percent, the "upper limit" is meant to prevent inflation.
Figures showed that China created more than 10 million new jobs in 2013 and inflation came in at 2.6 percent for the whole year.
China's retail sales up 13.1 pct in 2013
BEIJING, Jan. 20 (Xinhua) -- China's retail sales grew 13.1 percent year on year to 23.44 trillion yuan (3.84 trillion U.S. dollars) in 2013, the National Bureau of Statistics (NBS) said Monday.
Urban consumption stood at 20.25 trillion yuan in 2013, up 12.9 percent year on year. Rural residents spent 3.2 trillion yuan, up 14.6 percent year on year. Full story
China's industrial output grows 9.7 pct in 2013
BEIJING, Jan. 20 (Xinhua) -- Industrial output in China grew 9.7 percent in 2013 from a year ago, the National Bureau of Statistics (NBS) announced on Monday.
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China's urban fixed-asset investment growth cools in 2013
BEIJING, Jan. 20 (Xinhua) -- The annual growth of China's urban fixed-asset investment cooled to 19.6 percent in 2013, the National Bureau of Statistics (NBS) announced on Monday.
Urban fixed-asset investment expanded to 43.65 trillion yuan (about 7.19 trillion U.S. dollars) at the end of 2013, bureau data showed. Full story
CASS forecasts China's GDP growth at 7.5% in 2014
BEIJING, Jan. 8 (Xinhua) -- According to a think tank report, 60 percent of economists interviewed forecast that China's 2014 gross domestic product (GDP) growth will stay at about 7.5 percent.
The report was publicized by the Institute of Industrial Economics of the Chinese Academy of Social Sciences (CASS) on Wednesday. Full story
China works for a more unified GDP calculation
BEIJING, Jan. 7 (Xinhua) -- China will ramp up efforts to make national and provincial GDP calculation more unified to ensure statistics more accurately reflect economic performance, an official said on Tuesday.
Unified plans for local GDP calculation should be drawn up as soon as possible, National Bureau of Statistics (NBS) chief Ma Jiantang said. Full story