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Home >> Business
UPDATED: 10:38, July 20, 2005
China's GDP grows 9.5 percent in first half year
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China's gross domestic product (GDP) for the first half of this year reached 6,742.2 billion yuan (812.3 billion US dollars), a year-on-year increase of 9.5 percent.

"It was 0.2 percentage points lower than the growth rate for the same period of last year," said Zheng Jingping, spokesman of the National Bureau of Statistics, at a press conference on Wednesday.

In the first half of this year, regions and departments at all levels made all efforts in implementing the scientific approach to development and various policies set by the central authorities on economic work, with the aim to consolidate the achievements brought by macro-control, he said.

"As a result, fairly good overall economic performance was recorded in the first half of this year."

China's fixed assets investment reached 3289.5 billion yuan in the first six months of this year, a year-on-year increase of 25.4 percent.

China's industrial production grew by 16.4 percent in the first six months of this year on a year-on-year basis, says a report released by the National Bureau of Statistics.

The disposable income per capita of China's urban residents reached 5,374 yuan in the first half of this year, a year-on-year increase of 9.5 percent, says the report released.

The per capital cash income of farmers had a real increase of 12.5 percent to 1,586 percent for the first half year, up 1.6 and 0.8 percentage points, respectively, from a year earlier.

By People's Daily Online

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