China revises up 2011 GDP

Ahead of China releasing its 2012 GDP data in just about 10 days time, the country's statistics agency has given its final growth reading for 2011. And, as it turns out, China's economy expanded a notch faster than previously thought.

The National Bureau of Statistics says total economic output reached 47.3 trillion yuan in 2011, or about 7.2 trillion U.S. dollars. That's about 22 billion yuan more than the preliminary reading, and represents a 9.3 percent annual growth rate, the same as the previous figure.

Breaking down the different industries, China's agricultural sector yielded about 4.7 trillion yuan in products and services, contributing 10 percent to total GDP. The secondary industry, or manufacturing and construction, contributed 22 trillion yuan, or about 46.6 percent to total output.And output from the tertiary industry was worth 20.5 trillion yuan, or more than 43 percent of the total.