{{The Chinese economy expanded 7.8% in 2012, the government has said, the worst performance in 13 years, in the face of weakness at home and in key overseas markets.}}<\/p>\n
But gross domestic product (GDP) grew 7.9% in the final three months of the year, the National Bureau of Statistics (NBS) said, as it snapped seven straight quarters of slowing growth in a positive sign for the spluttering global recovery.<\/p>\n
China’s GDP reached $8.28 trillion in 2012, cementing its position as the world’s second-largest economy after the US.<\/p>\n
Annual growth slowed for a second straight year but the figures were just ahead of expectations, with economists surveyed by the AFP news agency having projected GDP growth of 7.7 % in 2012, and 7.8% in the fourth quarter.<\/p>\n
The official statistics come as optimism grows among analysts that China will pick up steam in 2013 after two years of relative weakness.<\/p>\n
“The international economic environment remains complicated this year and… there are still unbalanced conflicts in the Chinese economy,” NBS spokesman Ma Jiantang told reporters.<\/p>\n
However, Ma added: “We expect China’s economy to continue to grow in a stable manner in 2013.”<\/p>\n
read more……http:\/\/www.aljazeera.com\/news\/asia-pacific\/2013\/01\/201311853244143303.html<\/p>\n","protected":false},"excerpt":{"rendered":"
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