皇冠体育app's GDP to grow 8% this year: report
(Xinhua)
Updated: 2006-04-27 11:28 皇冠体育app's economy is expected to grow at an annual
rate of at least 8 percent this year, with consumption, investment and foreign
trade maintaining their pep.
The prediction was made in the spring edition of the report on 皇冠体育app's
foreign trade, which was publicized by the Ministry of Commerce on Wednesday at
the ongoing Chinese Export Commodity Fair held in Guangzhou, capital of South
皇冠体育app's Guangdong Province.
The two-week fair, a biannual event launched in
1957, consists of two phases: manufactured goods, textiles and garments,
foodstuffs and medicines in the first phase from April 15 to 20; and souvenirs,
gifts and household commodities in the second, from April 25 to 30.
The report said last year 皇冠体育app realized 18.23 trillion yuan (US$2.27trillion
) in gross domestic product, or GDP, up 9.9 percent over the previous year.
In the first quarter of this year, the GDP stood at 4,331 billion yuan
(US$534 billion), up 10.2 percent year on year, the report
said.
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