Chinese economy grows 7.7 percent in 2013

The GDP of China reaches 9.4 trillion dollars in 2013, states National Bureau of Statistics of China.

Chinese economy grows 7.7 percent in 2013

World Bulletin / News Desk

The gross domestic product (GDP) of China was 9.4 trillion dollars in 2013, a year-on-year increase of 7.7 percent compared to 2012.

According to the statistics of National Bureau of China, Chinese year-on-year growth was 7.7 percent for the first quarter of 2013, 7.5 percent for the second quarter, 7.8 percent for the third quarter and 7.7 percent for the fourth quarter compared to the same quarters in 2012.

The target of the Chinese government had been a 7.5 percent growth for 2012. China has surpassed this growth rate by 0.2 percent to a rate of 7.7 percent.

In 2013, China's total exports value was 2.21 trillon dollars with a 7.9 percent increase making China the biggest world exporter.

The value of Chinese total imports was 1.95 trillion dollars, a year-on-year increase of 7.3 percent in 2013 compared to 2012.

Meanwhile, China had a foreign trade surplus of 259.75 billion dollars in 2013.

China overtook Germany as the largest exporting nation in 2009. The United States ranked second with exports amounting to around 1.6 trillion US dollars in 2013, while Germany came in third with around 1.5 trillion US dollars in 2013.

The GDP per capital of China reached around 4,873 dollars in 2013 representing a 9.7 percent increase compared to 2012.

“China’s economy showed good momentum of stable and moderate growth in 2013,” the bureau said in a statement. But added “the deep-rooted problems built up over time are yet to be solved in such a critical period for China’s economy to develop and transform". They also commented that China's economic momentum needs to be stabilized within its periods of stability and growth.

Güncelleme Tarihi: 20 Ocak 2014, 11:31