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Print[Ferro-Alloys.com] China's gross domestic product growth for 2011 has been revised upward by 0.1 percentage point to 9.3 percent, the National Bureau of Statistics said Wednesday.
The revised GDP for 2011 stood at RMB47.29 trillion, RMB 131.8 billion higher than the preliminary reading released earlier this year, according to the NBS.
The inflation adjusted revision was based on verified analyses of the country's annual reports, financial statements of different sectors and surveys by the NBS.
The NBS statement showed that the newfound gains in GDP came from the country's service sector, while contributions to the general economy from agriculture and the manufacturing and construction industries were adjusted downward.
The service sector grew faster than previously thought; reaching RMB 20.5 trillion last year at a growth rate of 9.4 percent year-on-year, up RMB 172.3 billion and half a percentage point from the preliminary figure released in January.
Based on the revised statistics, the country's primary industries accounted for 10 percent of China's 2011 GDP, while secondary industries accounted for 46.6 percent and tertiary sectors accounted for 43.4 percent.
The NBS will issue a final GDP reading in the coming months according to three-step publication procedures with more detailed data.
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