China revises 2009 GDP growth up 0.4 percentage points to 9.1%

02 July 2010 14:07  [Source: ICIS news]

SHANGHAI (ICIS news)-- China has revised its gross domestic product (GDP) expansion in 2009 upwards to 9.1% from 8.7% previously after industrial production and service output were assessed higher than previously thought, the National Bureau of Statistics (NBS) of China said on Friday.

After the revision, the total GDP value for 2009 amounted to yuan (CNY) 34,050.7bn ($5,022.2bn), CNY515.4bn higher than the figure released on 21 January this year, the NBS said.

The 2009 growth rates of industrial production and service output were both reassessed 0.4 percentage points higher than the respective 9.9% and 9.3% cited previously, the NBS added.

The NBS said in future it will revise China’s annual GDP expansion rate twice after its release on 20 January each year to reflect a more accurate and reliable assessment.

($1 = CNY6.78)

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