China's economy grows 10.7 Percent

October 27, 2006 - On October 19, China's National Bureau of Statistics (NBS) reported a 10.7 percent growth in the Chinese economy over the first three quarters of 2006, up 0.8 percentage points compared with the same period in 2005. The third quarter of 2006 saw a gross domestic product (GDP) growth of 10.4 percent, down 0.9 percentage points from the second quarter (China's Daily).

According to the NBS's preliminary estimation, China's GDP over the first three quarters reached 14,148 billion yuan (US$1,789 billion).

China's total exports registered US$691 billion, a rise of 26.5 percent compared with the same period in 2005. At the same time, total imports were US$581 billion, up 21.7 percent year on year, leaving a trade surplus of around US$110 billion.
Reprinted from Meat and Livestock Australia

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