Posted on 07/17/2008 5:33:12 AM PDT by Perdogg
China's gross domestic product (GDP) grew 10.4 percent to 13.06 trillion yuan (1.9 trillion U.S. dollars) in the first half over the same period last year, the National Bureau of Statistics (NBS) said on Thursday.
The growth rate was 1.8 percentage points lower than the first half last year, or 0.2 percentage points lower than the first quarter of this year.
The GDP included 1.18 trillion yuan generated by the primary sector, up 3.5 percent, 6.74 trillion yuan by the secondary sector, up 11.3 percent, and 5.14 trillion yuan by the tertiary sector, up10.5 percent. The growth rates were 0.5 percentage points, 2.4 percentage points, and 1.6 percentage points, respectively, lower than the first half last year
(Excerpt) Read more at news.xinhuanet.com ...
ping
What ever China published in positive news divide it by a factor of 2 at least.
more momentum to bring about the unpegging of the remnibi.
Keep buying Chinese manufactured goods America and China will finally have enough rope.
The Chinese commies are busy sinking our ship by "out Capitalising" us while our homegrown commies in Congress make sure they keep both feet on our economic brake pedal.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
GDP you moron... Drink coffee first. Post later...
LOL
:-)
I needed some cookware. I had put it off as long as I could and admit to breaking down and buying a set of Chinese pots by “HOME COLLECTION”. I admit they look good, work well and I have not found any rough edges. So, where is this little story going? They came with nice glass tops. The glass top have stainless knobs that are fastened on with screws. I have owned then for less than 5 weeks and EVERY DAMN SCREW that holds the knobs onto the tops has rusted. They were made of soft steel and not stainless! I have replaced all of them with 302-304 stainless screws.
China's downfall will be this: most manufactures are more than willing to “cheap out” what ever they make.
Get your head out of the sand and face facts. We gave them the means of manufacturing and American companies are STILL building new plants and R&D centers in China in droves. GM and FORD have record profits from their Chinese operations.
All 3 American US auto companies are building plants and R&D centers in China and we know wjat they are doing in the US.
Did you not see the news the other day where caterpillar is building their new small excavator plant in China?? What is going to happen to the American plant???
Same problem with mine.
They have the corner in textiles as well.
True but I still do not believe at all this 10.5% GDP increase.
Also there is a huge factual error in the article. The GDP of China is not 11.9 trillion dollars it is more like 3.5 trillion dollars at best. I has seen this 11.9 trillions dollars figure used by some the most reliable statistics such as the World bank shows a much lower figure for China GDP somewhere in the vicinity of 2.7 trillions dollars in 2006 so at best it would not be be more than 3.5 trillions for 2008.
Don’t forget Purchase parity PPP
China fails to mention that their 3.5 trillion dollar GDP took almost 80% as much energy to produce as our 13 trillion dollar GDP. Don’t trust the Chinese EVER. It is all smoke and mirrors!
I think you “has” need of getting your eyes checked. The figure 11.9 trillion doesn’t even appear in the article.
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