Economy
January 21, 2014
China Economic Statistics through December 2013
Written by Peter Wright
The Chinese economy grew by 7.7 percent year-over-year (y/y) in the fourth quarter and by 7.7 percent in 2013 as a whole (Figure 1). The GDP growth rate has been in the range 7.4 percent to 7.9 percent for the last seven quarters. The Chinese economy is performing in line with the government’s goals at the macro level. The primary sector, agriculture and mining grew slower than the rest of the economy in the final quarter of the year. The industrial sector (mostly manufacturing and construction) is growing at about the same pace as the broader economy.
