China’s GDP Expands 1.8% QoQ in Q4 2013

In the fourth quarter of 2013, China’s GDP expanded a seasonally adjusted 1.8 percent over the previous quarter, down from a 2.2 percent rise in the previous three-month period. While consumption contributed to 50 percent of GDP and investment to 54.4 percent, trade of goods and services was a negative 4.4 percent.

According to preliminary estimates, the GDP reached 56,884.5 billion yuan in 2013. The value added of the primary industry was 5,695.7 billion yuan (10 percent); the secondary industry 24,968.4 billion yuan (43.9 percent) and the tertiary industry 26,220.4 billion yuan (46.1 percent). 

The energy consumption per 10 thousand yuan worth of GDP went down by 3.7 percent in 2013.

At the end of the year, the total number of employed persons was 769.77 million, or 2.73 million more than that at the end of 2012; the number of urban employed persons was 382.40 million, or 11.38 million more.

In 2013, the per capita total income of urban households was 29,547 yuan. Specifically, the per capita disposable income of urban households was 26,955 yuan, the nominal growth was 9.7 percent, or a real growth of 7.0 percent after deducting price factors.

China’s GDP Expands 1.8% QoQ in Q4 2013

NBS | Joana Taborda |
1/20/2014 11:31:50 AM