China: Gross Domestic Product

Tuesday, 17 January 2012 02:52

GDP in China grew in fourth quarter of 2011 by 8.9%.
It is the slowest pace of growth in last two and a half years, as a result of lower European demand caused by financial crisis.

Analysts estimated last quarter increase even lower, to 8.7%

The real estate market also showed a weakness reflecting negatively at economic growth in China.

Totally in 2011 China’s GDP increased by 9.2%, against 10.4% in 2010.

On the other hand Chinese Industrial Production rose in December to seasonally adjusted 12.8% after 12.4% increase in previous month.
Economist estimated increase to 12.3%