Economic growth of 8.1% beats forecasts for the quarter

Article Abstract:

The economy of China grew 8.1% and its gross domestic product was $241 billion in the first quarter of 2001, due to government investment as well as higher consumer spending. China's hard-currency reserves grew $10.4 billion in the first quarter, most likely from increased investments. A related graph shows China's yearly GDP growth.

International Reserves, Statistical Data Included, Economic development

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Slowdown cuts exports -- but consumers seem happy

Article Abstract:

China's gross domestic product rose 7.8% in second-quarter 2001, or 7.9% in the first half, to $518.6 billion. The government forecast of 7% growth for the year is likely to be met, although this is a slight drop from the 8% growth of 2000. The planned $22 billion spending to prepare for the Olympic Games could boost economic growth by 0.3-0.4 percentage points a year, although some observers say that spending for the Games will sap money from other, needy areas of the country and the economy.

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China keeps steady course: GDP growth of 9.4% is faster than expected

Article Abstract:

China's economic planners are trying to keep its economy stable and they are apparently succeeding as indicated by the 1997 1st qtr results. Gross domestic products increased at an accelerated rate of 9.4% as opposed to the government's 8% target. Retail prices rose to only 2.6% which is very much lower than the 6% target. Consumer prices increased by 5.2% from a 4% increase in Feb.-Mar. 1997. This high percentage growth indicates that the government is on the right course to economic progress.

Economic aspects

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