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Chinese Economy Soars 9.5% in 2004

China's gross domestic product totaled 13.65 trillion yuan (US$1.65 trillion) in 2004, a jump of 9.5 percent year on year, the National Bureau of Statistics (NBS) said in Beijing Tuesday.

Preliminary figures show that the added value of primary industry rose 6.3 percent to 2.07 trillion yuan (US$250 billion) last year, the NBS said in a press release distributed at the Information Office of the State Council.

That of secondary and tertiary industries rose 11.1 and 8.3 percent to 7.24 trillion yuan (US$874.4 billion) and 4.34 trillion yuan (US$524.15 billion), respectively, it added.

NBS director Li Deshui told the press that the country achieved "tangible" results in cementing and improving macro-control and curbed "unhealthy and unstable" factors in the economy.

The national economy maintained a stable and relatively fast growth trend, avoiding a roller-coaster, he noted.

(Xinhua News Agency January 25, 2005)

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Optimistic Economic Outlook for 2004
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