China GDP gains 9.2% in 2011

CHINA'S gross domestic product grew an annual 9.2 percent last year, moderating from the 10.3 percent in 2010, the National Bureau of Statistics said on its website today.

China's GDP totaled 47.16 trillion yuan (US$7.47 trillion) last year, up from the 39.7 trillion yuan recorded in the previous year.

The expansion of China's economy eased to 8.9 percent in the last quarter of 2011, the slowest pace in two years.

The growth rate in the forth quarter of 2011 exceeded the economists' estimate of 8.5 percent. Such a rate is tolerable and can help the country address its problems in economic structure, economists said.