BEIJING: China's annual gross domestic product growth sped up in the fourth quarter to 9.8 percent from 9.6 percent in the third quarter, the National Bureau of Statistics (NBS) said on Thursday, Jan 20, defying expectations for a slowdown.
Consumer prices rose 4.6 percent in December from a year earlier, slowing from a 28-month high of 5.1 percent in November.
Economists had forecast fourth-quarter growth of 9.2 percent and 4.4 percent inflation in December.
The CPI rose 0.5 percent in December from the previous month after a 1.1 percent 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 percent in the year to December, while non-food prices were up 2.1 percent from a year earlier.
The Producer Price Index rose 0.7 percent between December and November after a 1.4 percent rise in November.
GDP in 2010 totalled 39.798 trillion yuan ($6.045 trillion).
Urban per-capita disposable incomes were up 7.8 percent from a year earlier in real terms in 2010; real rural per-capita cash incomes were up 10.9 percent. - Reuters
Consumer prices rose 4.6 percent in December from a year earlier, slowing from a 28-month high of 5.1 percent in November.
Economists had forecast fourth-quarter growth of 9.2 percent and 4.4 percent inflation in December.
The CPI rose 0.5 percent in December from the previous month after a 1.1 percent 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 percent in the year to December, while non-food prices were up 2.1 percent from a year earlier.
The Producer Price Index rose 0.7 percent between December and November after a 1.4 percent rise in November.
GDP in 2010 totalled 39.798 trillion yuan ($6.045 trillion).
Urban per-capita disposable incomes were up 7.8 percent from a year earlier in real terms in 2010; real rural per-capita cash incomes were up 10.9 percent. - Reuters
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