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., RTT News 4/15/2011 9:23:00 AM

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