China's GDP, CPI Surge to Decade Highs

2008-01-24 10:59:09 Source Chinadaily.com.cn


National Bureau Xie Fuzhan, head of the National Bureau of Statistics, elaborates on China's economic status last year in China at a press conference held in Beijing on Thursday, Jan 24, 2008. [Photo: Xinhua]

The Chinese economy grew 11.4 percent in 2007, the biggest increase since 1994 while the consumer price index rose by 4.8 percent, the highest level in more than a decade.

China's economy expanded at its fastest pace in 13 years in 2007 even after a slowdown in the fourth quarter, amid rising inflation, official figures showed on Thursday.

The country's Gross Domestic Product (GDP) grew 11.4 percent last year from 2006, to 24.66 trillion yuan ($3.42 trillion), said Xie Fuzhan, head of the National Bureau of Statistics (NBS) at a press conference in Beijing. For the entire news, please click the link below...

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