GDP grows 11.5% in first half year, CPI rising
Updated: 2007-07-19 11:07
China's economy expanded 11.5 percent in the first half of this year, up 0.5 percentage points from a year earlier, the National Bureau of Statistics (NBS) said this morning.
 The National Bureau of Statistics spokesman Li Xiaochao is at a press conference held by the State Council Information Office in Beijing. [Xinhua]
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The economic growth of the second quarter of 2007 was 0.8 percentage points higher than the blistering 11.1 percent of the three months to March, NBS spokesman Li Xiaochao told a press conference held by the State Council Information Office in Beijing.
The country's gross domestic product (GDP) totalled 10,678.8 billion yuan (US$1,405 billion) in the first six months of this year, he said.
The boom was driven by rising levels of foreign investment and import and export industry, and also by increasing domestic consumption, he said.
"In the first half of 2007, the central government adopted a series of macro-control policies aimed at the outstanding contradictions and problems existing in economic performance, resulting in a steady and fast economic growth," Li said.
This is featured as rapid economic growth, improved efficiency, harmonized structure and more substantial benefits to the masses, he said.
China's consumer price index (CPI) rose 4.4 percent in June compared with a year ago, Li Xiaochao, spokesman with the National Bureau of Statistics, said on Thursday.
Fixed-asset investment in urban areas soared 26.7 percent in the first half from a year earlier, up from 24.5 percent growth in the whole of last year, indicated the bureau statistics.
At press time, the spokesman is answering questions about how the country will cool its economy that many fear is at the risk of overheating.
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