China's GDP up 7.7 pct in 2013
                 English.news.cn | 2014-01-20 10:25:38 | Editor: Fu Peng

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.

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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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CASS forecasts China's GDP growth at 7.5% in 2014

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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

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