China GDP Grows 9.7% in Q1

China's gross domestic product jumped 9.7 percent on year in the first quarter of 2011, the National Bureau of Statistics said on April 15.

Consumer prices for the month of March came in higher than expected at 5.4 percent - topping expectations for a rise of 5.2 percent after showing 4.9 percent in February.

Producer prices were up 7.3 percent on year in March, roughly in line with expectations for 7.2 percent - which would have been unchanged from the previous month.

Industrial production climbed an annual 14.8 percent, beating forecasts for a 14.0 percent increase following the 14.9 percent gain in February.

Retail sales jumped 17.4 percent on year, topping expectations for a rise of 16.5 percent on year after collecting 11.6 percent a month earlier.

On a seasonally adjusted quarterly basis, GDP rose 2.1 percent.

China GDP Grows 9.7% in Q1, RTT News
4/15/2011 9:23:00 AM