China's gross domestic product grew 11.4 percent in 2007 to 24.66 trillion yuan (US$3.41 trillion), the biggest increase since 1994, the National Bureau of Statistics announced in January 2008. The contentious consumer price index jumped to 4.8 percent in 2007, more than triple the 1.5-percent rate of 2006.
Fixed-assets investment expanded 24.8 percent to 13.73 trillion yuan in 2007, while real-estate investment surged 30.2 percent to 2.53 trillion yuan. Foreign direct investment in China rose 13.8 percent in 2007 to US$82.7 billion despite curbs meant to cool a boom in spending on real estate and other assets, according to data released by Ministry of Commerce. Foreign investment outside the financial sector rose 13.6 percent to US$74.8 billion, while investment in banks and securities totaled US$7.9 billion.
