18 October 2011 04:24 [Source: ICIS news]
The country recorded a GDP growth of 9.5% in the second quarter and a 9.7% pace of expansion in the first quarter.
In the first nine months of 2011,
Its industrial output expanded by 14.2% year on year in January to September 2011, with fixed asset investments recording a 24.9% growth, according to the data. Total retail sales for the period grew by 17.0% year on year, NBS said.
The third-quarter economic data were within the Chinese government’s expectations, indicating that the financial and monetary measures that have been implemented are taking effect, said Sheng Laiyun, spokesman of NBS.
($1 = CNY6.37)
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