China’s GDP growth for 2012 revised down to 7.7% from 7.8%

BEIJING – China’s National Bureau of Statistics (NBS) has revised 2012 GDP growth down by 0.1% to 7.7% for a total of RMB 51.89 trillion, 38 billion less than previous calculations. Output growth in secondary industries was 0.2% lower than the previous figure. The NBS reduced the output value of the wholesale and retail sector by RMB85.2 billion and raised the value of the financial sector by RMB12.2 billion.