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Monday, January 20, 2014, 10:28
China GDP growth flats at 7.7% in 2013
By Xinhua

China GDP growth flats at 7.7% in 2013

BEIJING - China's economic growth scored 7.7 percent in 2013, just above the target of 7.5 percent set at the beginning of the year, said the National Bureau of Statistics (NBS) on Monday.

China's imports and exports were valued at $4,160 billion in 2013, an annual increase of 7.6 percent, said the NBS.

The country recorded a trade surplus of $259.75 billion in 2013, according to the bureau.

China's business climate index, a major gauge of the country's macroeconomic outlook, dropped in the fourth quarter, according to data released on Monday.

The index was 119.5 points for the fourth quarter, down two points from the previous quarter, the National Bureau of Statistics (NBS) said in a statement.

The figure continued to stay above 100 points, indicating that Chinese enterprises were still operating in an upbeat climate, the statement said.

The index ranges from zero to 200 points, with a reading of more than 100 indicating a sound and optimistic climate, while a reading below 100 is a sign of a pessimistic business environment.

The indices for large, medium-sized and small enterprises were 134.2, 121 and 109 points respectively. All indices dropped from the third quarter of the year, the statement said.

 

 
 
 
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