China's gross domestic product (GDP) expanded by 5.4 per cent year on year (YoY) in the fourth quarter (Q4) last year, while its value-added industrial output went up by 5.8 per cent YoY in the year, according to data from the National Bureau of Statistics (NBS).The GDP expansion pace accelerated from the 4.6-per cent growth in the previous quarter.
China's GDP expanded by 5.4 per cent YoY in Q4 2024, while its value-added industrial output went up by 5.8 per cent YoY in the year, according to official statistics. On a quarterly basis, the Chinese economy increased by 1.6 per cent during the quarter. In December, the country's industrial output grew by 6.2 per cent YoY and by 0.64 per cent month on month.
On a quarterly basis, the Chinese economy increased by 1.6 per cent during Q4 2024.
In December, the country’s industrial output grew by 6.2 per cent YoY and by 0.64 per cent month on month, a state-controlled news agency reported.
The industrial output is used to measure the activity of large enterprises each with an annual main business turnover of at least 20 million yuan ($2.78 million).
Fibre2Fashion News Desk (DS)
