三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

First quarter economy grows 9.8 percent
(Agencies)
Updated: 2004-05-17 17:03

China's economy expanded at an annual rate of 9.8 percent in the first quarter of this year, the government said Monday, revising a preliminary estimate that put GDP growth at 9.7 percent.

The revision in gross domestic product data showed the economy was expanding even faster than earlier expected. Near 10 percent growth has raised fears inflation could soar.

The National Statistics Bureau said it revised its first quarter GDP figure due to higher than previously estimated growth in services industries such as transport, storage and telecommunications.

China's economy grew 9.1 percent last year. Booms in some industries such as steel, cement and construction have strained energy and transport, pushing prices higher.

Authorities have tightened monetary policy and lending rules to try to curb speculative investments that they blame for rising inflation. The official growth target for 2004 is 7 percent.

Close

Today's Top News     Top China News
New pact to pipe Kazakh oil to China         Taiwan's attempt to access WHO fails again         Direct elections move to township level         Experts: China may raise interest rates         Concern grows after forced evictions         Small firms have big impact in stock board	Taiwan disputed votes rise to 35,000       Taiwan's attempt to access WHO fails again       Abducted boy, 12, makes it back home       Curators call for efforts to protect heritage       Workplace diseases threat to rural workers       Small firms have big impact in stock board