Bureau of Statistics: GDP in the first quarter increased by 7.7% year-on-year

The National Bureau of Statistics recently held a press conference to provide an overview of China's economic performance in the first quarter of 2013. According to Sheng Laiyun, the bureau’s spokesperson and director of the National Statistics Department, the GDP for the first quarter reached 1,188.5 billion yuan, representing a year-on-year growth of 7.7% when adjusted for inflation. This figure highlights a steady pace of economic expansion despite ongoing global and domestic challenges. Sheng Laiyun also mentioned that the preliminary calculation of the first-quarter GDP was 1,185.5 billion yuan, showing the same 7.7% annual growth rate. In terms of sectoral contributions, the primary industry—comprising agriculture, forestry, animal husbandry, and fisheries—generated an added value of 742.7 billion yuan, rising by 3.4% compared to the same period last year. The secondary industry, which includes manufacturing, construction, and energy, contributed 5.4569 billion yuan, marking a 7.8% increase. Meanwhile, the tertiary industry—covering services such as finance, retail, and technology—reached 5.6859 billion yuan, up 8.3% from the previous year. Looking at the quarterly growth, the GDP increased by 1.6% compared to the fourth quarter of 2012, indicating a slight improvement in momentum. Sheng Laiyun emphasized that, despite the complex and evolving domestic and international environment, the Chinese government has maintained a cautious and steady approach to economic development. The Party Central Committee and the State Council have focused on improving the quality and efficiency of growth while continuing to implement a proactive fiscal policy and stable monetary policy. In addition, efforts have been made to strengthen macroeconomic regulation, accelerate the transformation of government functions, and promote industrial upgrades and structural adjustments. These measures have helped maintain the overall stability of the national economy, reflecting the resilience and adaptability of China's economic model during a critical period of transition.

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