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China's National Economy Keeps Steady Growth in First Three Quarters
China's national economy kept its steady growth in the first three quarters of the year, according to Li Xiaochao, an official with the National Bureau of Statistics (NBS).
He said the Chinese government has set its sights on stimulating the domestic demand, speeding up the reform and increasing the export volume in order to achieve seven percent gross domestic product rate.
China's gross domestic product reached 6.7227 trillion yuan (807 million US dollars) in the first three quarters, up 7.6 percent from the same period last year in constant terms.
He said in the first nine months the fiscal income reached 1. 1872 trillion yuan (142 million US dollars), up 24.2 percent from the same period last year. Enterprises maintained fairly high economic efficiency.
China's social investment in fixed assets in the first three quarters stood at 2.1221 trillion yuan (255 million US dollars), up 15.8 percent from the same period last year.
Li said investment in real estate development maintained its fast growth, increasing 31.4 percent from the same period last year; infrastructure investment increased 11.7 percent.
At the same time, investment in the central and western areas of the country increased 21.1 percent and 24.5 percent, respectively, or 3.8 and 7.2 percentage points higher than coastal areas, respectively.
Export was 195 billion U.S. dollars, up 7 percent; import was 181.4 billion U.S. dollars, up 11.2 percent.
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