gdp grows 7.7% in 2013-m6米乐app

china's economy grew 7.7 percent year on year in 2013, beating the government's target of 7.5 percent, the national bureau of statistics (nbs) announced yesterday.

the 2013 gdp figure was the same as that for 2012, which was the worst rate of growth since 1999.

last year, gross domestic product (gdp) reached 56.88 trillion yuan (us$9.31 trillion).

the economy's fourth-quarter growth also stood at 7.7 percent.

"china's economic performance stabilized in 2013," nbs director ma jiantang said at a press conference, citing encouraging gdp and job data as well as subdued inflation.

the chinese government defined its upper and lower limits of reasonable economic performance in 2013.

the lower limit, annual gdp growth of 7.5 percent, is intended to ensure steady expansion and employment, while the upper limit, a consumer price index at around 3.5 percent, is meant to prevent inflation.

key 2013 economic indicators have turned out to be within that range, as china created more than 10 million new jobs and inflation came in at 2.6 percent for the whole year.

analysts called the data "a good report card" for the national leaders who took office in march.

(source:shenzhen daily)