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«AgroInvest» — News — China revises 2010 economic growth up to 10.4%

China revises 2010 economic growth up to 10.4%

2011-09-08 10:53:54

China has revised its 2010 economic growth upwards to 10.4 percent, from the 10.3 percent announced previously, due mainly to higher-than-estimated output in its service sector.

The National Bureau of Statistics on Wednesday announced that the gross domestic product (GDP) for last year totalled 40.12 trillion yuan ($6.3 trillion) - 321.9 billion yuan more than the previously-released figure.

China - the world's second largest economy - routinely revises its growth figures.

According to the statement, the country's secondary sector - which mainly refers to manufacturing - accounted for more than 46.8 percent of the nation's economy.

The services sector represented 43.1 percent of the economy, while the primary sector - mainly agriculture - came to 10.1 percent.

This year, the economy expanded at a slower but still robust pace in the second quarter as Beijing battles to bring politically sensitive inflation under control, with GDP up 9.5 percent on-year in the April-June period.

This compares with 9.7 percent growth in the first three months of the year, and 9.8 percent in the fourth quarter of 2010.

channelnewsasia.com