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Article: Chinese Economy Up 9.6 Percent During First Nine Months
- Article from:
- Xinhua News Agency
- Article date:
- October 23, 1996
CopyrightCopyright 1996 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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The Chinese economy grew 9.6 percent in real terms during the
first nine months over the same period last year, with the GDP
reaching 4,567.5 billion yuan, according to an announcement made
here
today by Ye Zhen, a spokesman for the State Statistics Bureau.
He said that Chinese industry realized an added value of 1,357.5
billion yuan during the first three quarters, up 12.9 percent on an
annual basis.
"The light and heavy industries grew almost in the same pace and
the product structure is further improved," he said. "Products which
have good market prospects, such as video machines, computers and
programmable exchanges, witnessed rapid growth."
"The sales ratio also witnessed gradual rises ...