China's Quarterly GDP Growth Up to 2.2% in Q3


In the third quarter of 2013, the Chinese economy expanded 2.2 percent quarter-on-quarter, up from a growth rate of 1.7 percent in Q2 of 2013. China's GDP benefited from an investment pick up fueled by looser monetary policy.

The value added of the primary industry (which includes agriculture and mining) was 3,566.9 billion yuan; that of the secondary industry (which includes production and construction) was 17,511.8 billion yuan; and that of the tertiary industry (services) was 17,597.5 billion yuan.

Total investment in fixed assets (excluding rural households) was 30,920.8 billion yuan in the first three quarters of 2013. On a quarterly basis, investment grew 3.3 percent in Q3 over Q2. Retail sales of consumer goods increased 1.8 percent over the same period.

In Q3, the value added of industrial enterprises expanded 0.6 percent over the previous quarter. In the first eight months of this year, the profits made by large industrial enterprises stood at 3,486.4 billion yuan. 

China


Nuno Fontes | nuno@tradingeconomics.com
10/18/2013 10:22:47 AM