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China's GDP grows 9.5 percent in first quarter
(Xinhua)
Updated: 2005-04-20 13:09
China's GDP (gross domestic product) grew by 9.5 percent to 3.1355 trillion yuan (379 billion US dollars) in the first quarter of this year, and the growth rate was 0.3 percent lower than a year earlier, the National Bureau of Statistics (NBS) said here Wednesday.
NBS spokesman Zheng Jingping attributed the slower growth to the enhanced macroeconomic regulation by regions and departments at various levels in line with the requirement of the central government to follow a scientific approach to development and to seek sustained and healthy economic growth.
In a breakdown, the value added of China's primary industry went up 4.6 percent year-on-year to 228.7 billion yuan (27.6 billion US dollars), while that of the secondary industry went up 11.3 percent to 1.84 trillion yuan (222 billion US dollars).
Meanwhile, the value added of the tertiary industry had a year- on-year growth of 7.6 percent to reach 1.07 trillion yuan (129.4 billion US dollars).
All these figures showed that China's economy had kept the momentum of stable and rapid growth on the whole, Zheng said.
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