Manufacturing News

China's GDP to grow 7.5 pct on average 2006-2010

The top government think tank said that the country's GDP is expected to increase to 26.1 trln yuan by 2010, from 18.2 trln in 2005.

BEIJING (AFX) - China's gross domestic product (GDP) is projected to grow by an average annual rate of 7.5 pct over the next five years, according to a State Information Centre (SIC) report published in the official Shanghai Securities News.

The top government think tank said that the country's GDP is expected to increase to 26.1 trln yuan by 2010, from 18.2 trln in 2005.

Over the last five years, China's GDP has grown at an average annual rate of 9.5 pct. The SIC warned that the high economic growth has resulted in excessive resource consumption and worsening pollution.

The central government has set a five-year target of reducing energy consumed per unit of GDP by about 20 pct, and reducing emissions of major pollutants by 10 pct, the report said.

The country's population is expected to increase to 1.36 bln in 2010, compared with the present 1.31 bln, the report added.



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