According to the preliminary estimation, the gross domestic product (GDP) of China in the first quarter of this year was 11,885.5 billion yuan, a year-on-year increase of 7.7 percent from 7.9% in the preceding quarter. Analysts had expected Chinese GDP to rise to 8.0%. The value added of the primary industry was 742.7 billion yuan, up by 3.4 percent; that of the secondary industry was 5,456.9 billion yuan, up by 7.8 percent; and that of the tertiary industry was 5,685.9 billion yuan, up by 8.3 percent.
In the first quarter, the gross domestic product went up by 1.6 percent on quarterly basis, after rising 2% in the last quarter.
Source by Commodity Insights
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