The National Bureau of Statistics (NBS) predicted that China's gross domestic product (GDP) growth would be more than 10 percent in 2006. GDP grew 10.3 percent, 11.3 percent and 10.4 percent respectively in the first three quarters of 2006.
China's foreign trade is increasing rapidly, which is expected to total $1.76 trillion for 2006, a year-on-year increase of 24 percent after 23.2 percent in 2005 and 35.7 percent in 2004. Grain production achieved another good harvest after 2004 and 2005, with the output of more than 490 billion kg.
At the same time, NBS estimations show that CPI growth will be lower than 2 percent for the year. The Chinese economy keeps stable growth in 2006.
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