Source: CCTV.com

04-16-2009 10:29

[Video] Press conference: China releases Q1 economic data (I) | (II)

Figures just released by China's National Bureau of Statistics show China's GDP growth continued to slow to 6.1 percent in the first quarter. But other economic data indicates the economy is beginning to stabilize.

China's annual gross domestic product growth stood at 6.1  percent during the first quarter of this year.

China's economy is slowing. The first quarter 6.1 percent year-on-year GDP growth rate down 0.7 percentage points from the previous quarter.   And it's 4.5 percentage points lower year-on-year. 

Still, the NBS spokesman says it's not the whole picture.

Li Xiaochao, Spokesman of National Bureau of Statistics said "Positive changes have occurred in our economic situation. The overall performance is better than previously expected."

One positive news is the growth of industrial production has begun to stabilize, a sign of economic activity. Industrial production increased over 8 percent in March, compared to an average 4 percent in the first two months.