China 2012 Growth Eases to 7.8 Pct-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Market commentary
  • Production data
  • Macroeconomics
  • Aluminium
  • Morning comments
  • Futures movement
  • Mengtai Group
  • Copper
  • Stainless steel
  • Nickel
  • In the United States
  • trade negotiations

China 2012 Growth Eases to 7.8 Pct

Industry News 10:54:38AM Jan 18, 2013 Source:SMM

BEIJING, Jan. 18 (Xinhua) -- China's economic expansion slowed to 7.8 percent year on year in 2012 amid external jitters and domestic woes, data from the National Bureau of Statistics showed Friday.

The growth rate, the weakest expansion in a decade, was down from 9.3 percent in 2011 and 10.4 percent in 2010.

The economy's fourth-quarter growth quickened to 7.9 percent on government pro-growth measures. The rate ended a seven-straight-quarter slowdown.

In 2012, the gross domestic product reached 51.93 trillion yuan (8.28 trillion U.S. dollars).

The government pared the full-year growth target for 2012 to 7.5 percent from 8 percent in early 2012.
 

Price

more
Aluminum Ingot
Oct.18
14000.0
40.0
(0.29%)
Aluminum Ingot - Fo Shan
Oct.18
13960.0
30.0
(0.22%)
Aluminum Ingot - Wu Xi
Oct.18
14000.0
20.0
(0.14%)
Aluminum Ingot - Hang Zhou
Oct.18
14040.0
55.0
(0.39%)
Aluminum Ingot - Chong Qing
Oct.18
13980.0
60.0
(0.43%)

China 2012 Growth Eases to 7.8 Pct

Industry News 10:54:38AM Jan 18, 2013 Source:SMM

BEIJING, Jan. 18 (Xinhua) -- China's economic expansion slowed to 7.8 percent year on year in 2012 amid external jitters and domestic woes, data from the National Bureau of Statistics showed Friday.

The growth rate, the weakest expansion in a decade, was down from 9.3 percent in 2011 and 10.4 percent in 2010.

The economy's fourth-quarter growth quickened to 7.9 percent on government pro-growth measures. The rate ended a seven-straight-quarter slowdown.

In 2012, the gross domestic product reached 51.93 trillion yuan (8.28 trillion U.S. dollars).

The government pared the full-year growth target for 2012 to 7.5 percent from 8 percent in early 2012.