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On August 30, the National Bureau of Statistics announced the results of preliminary verification of the country's GDP for 2005. According to updated, more detailed and comprehensive information, China's real GDP growth rate of last year, previously estimated at 9.9 percent, has been raised to 10.2 percent.
In accordance with the Reform on GDP Accounting and Data Release System initiated by the National Bureau of Statistics, China's GDP calculation is carried out in three steps: preliminary accounting, preliminary verification and final verification. The preliminarily accounting data were announced on January 20.
After preliminary verification, China's GDP for the year 2005 totaled 18,308.5 billion yuan at current prices, up 10.2 percent calculated at comparable prices. Of the total, the added value of the primary industry was 2,307 billion yuan, up 5.2 percent, while its share in GDP was 12.6 percent. The added value of the secondary industry reached 8,704.7 billion yuan, up 11.7 percent, and its share in GDP was 47.5 percent. The added value of the tertiary industry stood at 7,296.8 billion yuan, with an increase of 10 percent, while the share in GDP was 39.9 percent.
(China.org.cn)
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