China revises 2013 economic growth rates

[BEIJING] China has revised quarterly economic growth rates for 2013, though the full year rate of 7.7 per cent was unaltered, the National Bureau of Statistics (NBS) said on Wednesday, releasing its regular review of the data series.

Quarter-on-quarter growth rates for the first two quarters of 2014 were also revised.

China usually revises its gross domestic product data after releasing its full-year growth report, so annual 2014 economic growth figures are likely to be reviewed in 2016.

Data on Tuesday showed the world's second-largest economy grew 7.4 per cent in 2014, barely missing its official 7.5 per cent target but still the slowest since 1990.

Last month, China revised up its 2013 GDP by 3.4 per cent - or a whopping US$305 billion - from the previously estimated figure after a new economic census.

REUTERS