GDP in China Increases 11.4% in 2007

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Researched by Industrial Info Resources (Sugar Land, Texas)--In 2007, China's gross domestic product (GDP) reached about $3.4 trillion, an increase of 11.4% compared with the previous year, and the rate also was 0.3 percentage points higher than 2006. The GDP growth rate stayed at 10% or above for five consecutive years, the National Bureau of Statistics of China announced on January 24, 2008.

•First quarter: 11.1%
•Second quarter: 11.9%
•Third quarter: 11.5%
•Fourth quarter: 11.2%

Industry values:

•First industry (agriculture-plantations, forestry, livestock and fisheries: $398.76 billion, up 3.7%
•Second industry (construction, manufacturing and energy production): $1.7 trillion, up 13.4%
•Third industry (service and transportation): $1.3 trillion, up 11.4%

Investments in fixed assets maintained accelerated growth. Total social investments in fixed assets reached about $1.9 trillion, an increase of 24.8% compared with the previous year, and the growth rate also was 0.9 percentage points higher. Urban investments in fixed assets hit $1.6 trillion, an increase of 25.8% compared with the previous year (in December 2007, urban investments reached $231.85 billion, an increase of 19.6%). Rural investments reached $273.45 billion, up 19.2% compared with the previous year.

Of the total urban investments in fixed assets, investments in the first industry totaled $20.22 billion, up 31.1%; investments in the second industry totaled $703.72 billion, up 29%; and investments in the third industry reached $895.56 billion, up 23.2%.

Investments by region:

•East: 21% increase
•Central: 34% increase
•West: 28.2% increase

Total investments in real estate development reached $348.69 billion, an increase of 30.2% compared with the previous year, and the rate also was 8.4 percentage points higher.

(Based on the exchange rate of US$1 = RMB 7.25 yuan)

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