China's GDP grows 11.4 percent in 2007 (Jan 24)

www.chinaview.cn  2008-01-24 10:06:40       

    BEIJING, Jan. 24 (Xinhua) -- China's gross domestic product (GDP) grew 11.4 percent year-on-year to 24.6619 trillion yuan (3.43 trillion U.S. dollars) in 2007, but the risks of spiraling inflation and economic overheating were also rising.

    The growth rate was 0.3 percentage points higher than the 2006 level revised at 11.1 percent, the National Bureau of Statistics (NBS) said on Thursday.

    NBS head Xie Fuzhan told reporters here that 2007 was the fifth year in a row in which GDP had expanded by more than 10 percent. Analysts said the 2007 figure was also the highest of the past 13 years.

    Breaking economic growth down by quarter, GDP expanded 11.1 percent in the first quarter, 11.9 percent in the second, 11.5 percent in the third and 11.2 percent in the fourth.

    For more reading: http://news.xinhuanet.com/english/2008-01/24/content_7485388.htm