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BIZCHINA / Center
2006 GDP growth revised up to 11.1%, highest in 12 years
By Dai Yan (chinadaily.com.cn)
Updated: 2007-07-12 10:13
China's GDP growth in 2006 has been revised to 11.1 percent, up 0.4
percentage points from the preliminarily calculated growth rate, to
become the highest of the past 12 years, the National Bureau of
Statistics (NBS) said on its website yesterday.
China's annual GDP calculation goes through three steps: preliminary
calculation, preliminary verification, and final verification. The
revision was based on the second step.
The GDP in 2006 was revised to 21.09 trillion yuan (US$2.79 trillion)
based on current price levels, 146.4 billion yuan higher than the
preliminarily calculated figure.
According to NBS, added value of primary industries increased five
percent to 2.47 trillion yuan last year, up 3.7 billion yuan from the
figure based on preliminary calculations. That of secondary industries
grew 13 percent to 10.32 trillion yuan, up 0.5 percentage points or 115.8
billion yuan from the preliminary figures. That of tertiary industries
was up 10.8 percent to 8.3 trillion yuan, 0.5 percentage points or 26.9
billion yuan higher than the preliminarily calculated figures.
According to the revised figures, primary industries accounted for 11.7
percent of the 2006 GDP, secondary industries 48.9 percent, and tertiary
industries 39.4 percent.
(For more biz stories, please visit Industry Updates)
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