It was higher than 3.2 per cent rate registered in February, the lowest pace recorded in 20 months, state run Xinhua reported.
Profits of major industrial firms slipped 5.4 per cent year-on-year to 366.8 billion yuan (about $59 billion) in July, the National Bureau of Statistics said in a statement.
The Chinese government has vowed to fine-tune the economy which continued on the declining trend, registering 8.1 per cent GDP growth in January-March this year, the lowest quarterly rise in nearly three years.
An economic superpower, China is marching ahead to become the world's largest economy.
China's gross domestic product soared to 13.65 trillion yuan ($1.65 trillion in 2004, an impressive growth of 9.5 per cent year on year, the government said in Beijing on Tuesday.
Hit hard by a sharp drop in its trade surplus due to decreasing exports and rising inflation, China's GDP growth rate slowed to 9.1 per cent in the third quarter, the lowest since the fourth quarter of 2010, sparking concerns about a possible hard landing of its economy.
To curb soaring inflation, the People's Bank of China, the country's central bank, has raised the benchmark interest rate three times this year.
China's economic growth slowed down to 7.4 per cent year-on-year in the third quarter of 2012, slower from 7.6 percent in the second quarter and 8.1 percent in the first, the National Bureau of Statistics (NBS) said.
China's covid crisis could provoke a raw material crunch for India's EV industry later this year.
Industrial profit in China rose to 55 per cent in the first eight months of this year, according to new official figures released by the Chinese National Bureau of Statistics (NBS).
China's economic growth fell to 7.6 per cent year-on-year in the second quarter of 2012, from 8.1 percent in the first quarter, the slowest growth since first quarter of 2009.
China's average GDP growth rate for the 1979-2004 period was on Monday revised to an impressive 9.6 per cent, 0.2 percentage point higher than the original figure in accordance with the first national economic survey.
ICICI Bank was the top gainer in the Sensex pack, jumping over 5 per cent, followed by Axis Bank, Nestle India, SBI, HDFC, ONGC and Kotak Bank. On the other hand, Bajaj Auto, TCS, Bharti Airtel, M&M and Maruti were among the laggards.
The Chinese economy recorded a stellar growth of 11.9 per cent in the first three months of 2010, marginally higher than projected.
The government on Friday appointed Suman K Bery as the vice chairman of Niti Aayog, following the sudden resignation of Rajiv Kumar.
China's economy slowed down amid inflation concerns as its GDP growth rate slid to 9.5 per cent in the second quarter from 9.7 per cent in the first, while the economy in general expanded by 9.6 per cent in the first half of this year.
The manufacturing and construction sector accounted for 42.7 per cent of GDP while the farm sector accounted for 9.2 per cent.
Prospects of China hiking interest rates increased as inflation rose to 3.1 per cent in May, surpassing the government target of 3 per cent.
Despite the hope that lessons will be learnt, the next accident invariably shows that nothing has been learnt -- or if learnt, they have been ignored, observes Prosenjit Datta.
China's inflation rate rose to 8.5 per cent in April, bouncing back to hover near 12-year highs, bringing more pressure on government to tame rising prices, identified by it as the "biggest concern".The Consumer Price Index (CPI), main gauge of inflation, rose 8.5 per cent from 8.3 per cent in March and remained close to a nearly 12-year monthly high of 8.7 per cent recorded in February, the National Bureau of Statistics said.
M&M, Nestle India, IndusInd Bank, Kotak Bank, HCL Tech and Axis Bank were the other gainers. On the other hand, Tech Mahindra, ITC, NPTC, PowerGrid, Titan and ONGC finished with losses. The NSE Nifty surged 121.75 points to 10,739.95.
Buoyed by rapid growth in domestic consumption as well as exports, China's sizzling economy grew by 11.1 per cent in the first quarter this year though it raised concerns of overheating.
Buoyed by record foreign trade, surging fixed investments and industrial production, China's GDP soared by an impressive 10.7 per cent in 2006.
China's car output had surged by 83 per cent to 2.02 million units in 2003.
The new data comes a day after China and the US signed a long-awaited phase one deal, marking a ceasefire in the 18-month-long trade war which saw the world's two largest economies slap 25 per cent tariffs on about half a trillion-dollar worth of each other's exports. The world's second-largest economy grew by 6.1 per cent last year, its worst performance since 1990, but it remained above the psychologically important mark of six per cent, according to the National Bureau of Statistics (NBS).
According to the NCRB's annual 'Prison Statistics India 2020', the number of Indian prison inmates in the country stood at 4.83 lakh by the end of 2020.
Prime Minister Narendra Modi on Saturday offered prayers at the centuries-old Jeshoreshwari Kali temple in Ishwaripur village in southwestern Bangladesh and announced that India will build a multipurpose community hall for the worshippers.
China's post COVID-19 pandemic economic rebound showed signs of slowdown as the economy grew at 7.9 per cent in the second quarter compared to a record 18.3 per cent in Q1, while the GDP expanded 12.7 per cent year on year in the first half amid the continued global spread of the coronavirus and unbalanced domestic recovery. In the second quarter, the GDP of the second largest economy in the world grew 7.9 per cent year on year, the data released by the National Bureau of Statistics, (NBS) on Thursday showed. On a quarterly basis, the economy expanded 1.3 per cent in Q2.
It has been a difficult year for the world's second-largest economy.
China's GDP jumped a record 18.3 per cent in the first quarter of 2021, riding on strong domestic and foreign demand and aided by recovery from a low base in early 2020 when Covid-19 stalled the world's second-largest economy, according to statistics released on Friday.
China on Friday said about 90 million couples will qualify to have a second child after it scrapped its controversial decades-old one-child policy, raising the number of people in the world's most populous nation to 1.45 billion by 2030.
With adoption of the new method the size of China's economy last year was about $130 billion larger than previously estimated.
China, the world's second largest economy, in a rare move on Monday lowered its GDP for 2012 by 0.1 percentage point to 7.7 per cent, the lowest in 14 years as the communist giant grapples with economic slowdown.
Most economists were of the view that the NSSO should release the data, as any move to withhold it will dent the image of country's statistical system.
The observation was made by a bench headed by Justice UU Lalit which was hearing a plea seeking adequate infrastructure across the country for providing effective legal aid to women abused in matrimonial homes and creating shelter homes for them.
As Sachin turns 50, Rediff brings you 50 fascinating facts about the God of Cricket.
Only one of the three drivers of the economy has performed in the way it should: government spending grew at 15.6 per cent, reports Abhishek Waghmare.
If people can lobby me for making changes in policies that goes against the country's interest, I won't keep myself in this position, says the vice chairman of NITI Aayog.
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