China's GDP to hit 3.2 trln usd in 2010

Gross domestic product (GDP) could reached 3.2 trln usd in 2010, with GDP per capital to hit 2,400 usd, the official Xinhua news agency reported, citing a senior government official. Zhang Xiaoqiang, vice chairman of the National Development and Reform Commission (NDRC), gave his forecast in a economic conference hold in Shenyang, northeast China. Zhang also said China's total imports and exports will reach 2 trln usd in 2010. They stood at 1.4 trln usd in 2005. In 2005, China's GDP reached 2.2 trln usd, with GDP per capital at 1,703 usd, Xinhua added. In July, Qiu Xiaohua, Director of the National Bureau of Statistics, said China's average annual GDP growth rate is set to be higher than the official target of 7.5 pct in the years through 2010. GDP grew by 10.9 year-on-year in the first half of 2006 after expanding by 10.2 pct in the previous year.