2005 GDP growth revised up
31 August 2006
China's economy grew 10.2% last year, instead of 9.9% as previously announced, the National Bureau of Statistics (NBS) said Wednesday. The bureau revised its preliminary figure of US$2.279 trillion for 2005 gross domestic product, announced in January, to US$2.289 trillion. The value of the service industry was revised to US$912 billion, or nearly 39.9% of the economy, from US$917.37 billion in the January NBS report. Value-added output of the primary industry, which combines agriculture, forestry, animal husbandry and fisheries, was worth US$288 billion, accounting for 12.6% of the economy. Value-added output of the secondary industry, which includes mining, manufacturing, generation and supply of electricity, gas and water, and construction, was US$1.088 trillion, or 47.5% of the total economy. China revises its annual GDP data at least twice, but the NBS did not confirm when a final report of 2005 economic data would be published. In a similar revision of growth in 2004, announced at the end of last year, GDP was revised to around US$2 trillion, 16.8% higher than earlier estimates. China's GDP surged 10.9% in the first half of this year from a year earlier.
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