CHINA’S GDP GROWTH RANKS 6TH IN ASIA
Comtex News Network, Inc.
April 11, 2006 Tuesday 10:47 AM Eastern Time
BEIJING
China saw its growth rate of gross domestic product (GDP) for 2005
reach 9.9% and take the sixth place in Asia, according to a report
released by Asian Development Bank (ADB) on April 6.
Azerbaijan ranked first with a record growth rate of 26.4%, buoyed
by production and export of crude oil and natural gas. Armenia and
Afghanistan took the second and third place respectively. Japan,
as a developed country, saw its GDP stand at 2.8%.
The economic growth prospect of developing countries in Asia relies
heavily on the three major economies here, namely, China, India
and South Korea, whose combined economic aggregate accounts for 66%
of the Asia’s total, revealed the chief economist with ADB.
ADB predicted China’s GDP grow by 9.5% in 2006. Previously, Mr. Qiu
Xiaohua, director of the National Bureau of Statistics of China, said
that the country’s growth rate of GDP is likely to hit 9% this year.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2006/04/12/chinas-gdp-growth-ranks-6th-in-asia/
