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GDP Growth in 2011 at 9.2Pct; Trade Surplus Down $26.4 billion

01-17 10:09 Caijing
Total retail sales of consumer goods grew 17.1 pct in 2011 from the previous year;Fixed asset investments in the real estate sector rose 27.9 pct

The National Bureau of Statistics (NBS) of China publishes key macro economic data today:

Key data:

--China’s full-year GDP growth for 2011 was 9.2 percent; growth in the fourth quarter slowed to 8.9 percent from Q1’s 9.7 percent, Q2’s 9.5 percent and Q3’s 9.1 percent.

--The total retail sales of consumer goods grew 17.1 percent in 2011 from the previous year; in December only, the figure rose 18.1 percent year-on-year.

--Fixed assets investments jumped 23.8 percent in the same year, with an increase of 27.9 percent in the real-estate sector.

--Industrial added value of major industrial enterprises grew by 13.9 percent; December saw an increase of 12.8 percent.

--Trade surplus decreased by 26.4 billion U.S. dollars from the previous year; exports rose 20.3 percent to 1.90 million while imports were 1.74 million U.S. dollars, up 24.9 percent.

--Ending December, M2, the broadest measure of money supply, rose 13.6 percent from the end of 2010; M1 was 29 trillion yuan, up 7.9 percent compared with an increase of 21.2 percent in the previous year.

--Chinese lenders extended 7.5 trillion yuan in new loans in 2011, down 390.1 billion from the previous year; outstanding of loans were 54.8 trillion yuan and the outstanding of deposits stood at 80.9 trillion yuan.

--Per capita incomes of urban residents and farmers, deducting price factors, rose 8.4 percent and 11.4 percent respectively.

--By the end of 2011, the number of urban residents in China has eclipsed that in rural areas for the first time, accounting for 51.27 percent of the total population.

--Grain output in the year edged up by 4.5 percent, the eighth consecutive yearly growth.