China: Steady and Fast Economic Growth in the First Three Quarters of 2006

Steady and Fast Economic Growth in the First Three Quarters of 2006
In the first three quarters of 2006, the national economic performance showed a pattern of fast growth, steady development and good quality. It is expected to be a fairly good kick-off for the eleventh five year program.
1. Gross domestic product kept fast growth. According to preliminary estimation, the gross domestic product (GDP) of China in the first three quarters of this year was 14,147.7 billion yuan, a year-on-year increase of 10.7 percent. It was 0.8 percentage point higher than that in the same period last year, or 0.2 percentage point lower than that in the first half of this year. Of this total, the value added of the primary industry was 1,557.0 billion yuan, up by 4.9 percent; the value added of the secondary industry was 7,049.6 billion yuan, up by 13.0 percent; and the value added of the tertiary industry was 5,541.1 billion yuan, up by 9.5 percent.