China Q4 GDP growth speeds up, Dec inflation eases
China's annual gross domestic product growth sped up in the fourth quarter to 9.8% from 9.6% in the third quarter, the National Bureau of Statistics (NBS) said on Thursday, defying expectations for a slowdown.
January 20, 2011 / 09:08 IST
China's annual gross domestic product growth sped up in the fourth quarter to 9.8% from 9.6% in the third quarter, the National Bureau of Statistics (NBS) said on Thursday, defying expectations for a slowdown.
China December Consumer Price Index is up 4.6% from a year earlier, slowing from a 28-month high of 5.1% in November and estimatates of a 4.7% increase. Moderating food prices, as well as a higher comparison figure in the year-earlier period, contributed to moderating inflation. But economists warn that upside inflation risks remainEconomists had forecast fourth-quarter growth of 9.2% and 4.4% inflation in December.The CPI rose 0.5% in December from the previous month after a 1.1% month-on-month rise in November. This figure is not seasonally adjusted.Giving a breakdown of CPI, the NBS said food prices rose 9.6% in the year to December, while non-food prices were up 2.1% from a year earlier.The Producer Price Index rose 0.7% between December and November after a 1.4% rise in November. -- GDP in 2010 totalled 39.798 trillion yuan (USD 6.045 trillion).-- Urban per-capita disposable incomes were up 7.8% from a year earlier in real terms in 2010; real rural per-capita cash incomes were up 10.9%.(With inputs from Reuters) Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
