China Revises GDP Growth

01 September 2006

BEIJING: The specter of economic imbalance in China has raised it head again as the National Bureau of Statistics revised upwards it data for 2005.

It says GDP grew year-on-year by 10.2% in 2005, higher than the originally estimated rate of 9.9%. The revision makes it the fastest annual gain since the 10.9% expansion recorded in 1995.

This year, both fixed-asset investment and money-supply growth in China have been rising at rates above official targets.

A statistics bureau official said overly rapid investment expansion would lead to higher prices of production materials as demand rises, and "will ultimately lead the consumer-price index higher".

Data sourced from Wall Street Journal Online; additional content by WARC staff