China's economy grew by ten point four percent in the first half of 2008. The figure comes from the data just released today by the National Bureau of Statistics.
For the six months that saw natural disasters and complex global economic situation, China's gross domestic product stood at more than 13 trillion yuan, or nearly two trillion US dollars year-on-year. The growth rate fell 1.8 percent.
Fixed-asset investment, total retail sales volume and exports, the driving forces for the economic growth, all increased more than 20 percent.
The growth rate is up for both fixed-asset investment and total retail sales volume, but that of exports is nearly six percent down.