China's economy continues to rise
China's economy grew by 9.7% in the first quarter of 2011 (Reuters - Archive)
China's economy continues on the pace of high growth during the first quarter of this year to achieve the level of growth of 9.7% in the gross domestic product, is that the rate of inflation increased in March / March, to reach 5.4%, its highest level since July 2008.
According to the National Bureau of Statistics of China, that the rate of economic growth in the first quarter of 2011 nearly in the level of the previous quarter, which was at 9.8%. In 2010 China's GDP has increased by 10.3%, prompting China to become the second largest world economy after the United States and Japan to pay back for the third rank.
The performance in the real estate sector to continue pointing out where the recovery, recording an increase in investments by 34.1% during the first quarter of this year to reach 884.6 billion yuan (135 billion dollars) after scoring quieter over the past year.
The volume of new loans granted by Chinese banks last month to 679.4 billion yuan (104 billion dollars), up significantly from February, despite the austerity measures many cash since last fall, according to central bank said.
As China's industrial production achieved in the first quarter grew by 14.4%, and fixed capital investments by 25%, according to the Statistical Office.
And retail sales have recovered - one of the leading indicators of consumption - by 16.3% during the same period, the high of these indicators shows that the growth has not been much affected by austerity.
Loans granted by Chinese banks in March / March increased (Reuters - Archive)
Commenting on the results, said a spokesman for the National Bureau of Statistics Xing ion Although the climate of economic development locally and internationally is relatively complicated and involves a lot of doubts, China has good economic performance at the beginning of the year.
He said that his country enjoys a stable growth and strong but at the same time facing increasing inflationary pressures.
High pricesThe other hand, the office said thatConsumption when prices rose - the most important signs of inflation - in the entire first quarter of the year by 5% despite a series of austerity measures taken by Beijing, which fears that inflation lead to social unrest.
And increased food prices, which directly affect the poor families by 11% in the given period.
He pointed out that keeping the price index in the range of 5% was not an easy task.
The Chinese government recently called for a redoubling of efforts to address high prices.
China's economy grew by 9.7% in the first quarter of 2011 (Reuters - Archive)
China's economy continues on the pace of high growth during the first quarter of this year to achieve the level of growth of 9.7% in the gross domestic product, is that the rate of inflation increased in March / March, to reach 5.4%, its highest level since July 2008.
According to the National Bureau of Statistics of China, that the rate of economic growth in the first quarter of 2011 nearly in the level of the previous quarter, which was at 9.8%. In 2010 China's GDP has increased by 10.3%, prompting China to become the second largest world economy after the United States and Japan to pay back for the third rank.
The performance in the real estate sector to continue pointing out where the recovery, recording an increase in investments by 34.1% during the first quarter of this year to reach 884.6 billion yuan (135 billion dollars) after scoring quieter over the past year.
The volume of new loans granted by Chinese banks last month to 679.4 billion yuan (104 billion dollars), up significantly from February, despite the austerity measures many cash since last fall, according to central bank said.
As China's industrial production achieved in the first quarter grew by 14.4%, and fixed capital investments by 25%, according to the Statistical Office.
And retail sales have recovered - one of the leading indicators of consumption - by 16.3% during the same period, the high of these indicators shows that the growth has not been much affected by austerity.
Loans granted by Chinese banks in March / March increased (Reuters - Archive)
Commenting on the results, said a spokesman for the National Bureau of Statistics Xing ion Although the climate of economic development locally and internationally is relatively complicated and involves a lot of doubts, China has good economic performance at the beginning of the year.
He said that his country enjoys a stable growth and strong but at the same time facing increasing inflationary pressures.
High pricesThe other hand, the office said thatConsumption when prices rose - the most important signs of inflation - in the entire first quarter of the year by 5% despite a series of austerity measures taken by Beijing, which fears that inflation lead to social unrest.
And increased food prices, which directly affect the poor families by 11% in the given period.
He pointed out that keeping the price index in the range of 5% was not an easy task.
The Chinese government recently called for a redoubling of efforts to address high prices.
