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