China’s GDP expected to rise 10.5 pct in 2006

29 December 2006

Beijing, China, 29 Dec – The Chinese economy is expected to have grown 10.5 percent in 2006, while its trade surplus is expected to total US$170 billion, the chief economist of the Chinese National Statistics Office, Yao Jingyuan estimated Thursday.

The growth of China’s Gross Domestic Product (GDP) is expected to exceed that of 2005, which was 10.2 percent.

The US$170 billion trade surplus are a new record, after the surplus stood at US$101.9 billion last year.

From January to November, China’s trade surplus had risen to US$156.5 billion, a rise of 72 percent year on year, according to recent figures from China’s customs services. (macauhub)