China records 7.7% GDP growth for Q1 ‘13

15 April 2013 04:10  [Source: ICIS news]

SINGAPORE (ICIS)--China’s GDP growth for the first quarter of 2013 was at 7.7%, compared with 7.9% in the fourth quarter last year, the country’s National Bureau of Statistics (NBS) said on Monday.

The country in March set this year’s GDP growth target at 7.5%, lower than the 7.8% achieved in 2012.

According to analysts, China’s first-quarter GDP growth is in line with market expectations.

Industrial output expanded by 9.5% year on year in the first quarter, but the growth was 2.1 percentage points lower than the same period one year ago, NBS said.

Fixed-asset investments increased by 20.9% in the January-March period, a pace that was unchanged from one year ago, NBS added.

By: Fanny Zhang
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