China lowers 2012 GDP growth to 7.7% from 7.8%

DROP. The world's second largest economy grew 7.7% in 2012, not 7.8%. AFP file photo shows two Chinese workers work on the roof of a building at a construction site in Beijing

BEIJING, China - China lowered its 2012 gross domestic product (GDP) growth to 7.7% from the previously reported 7.8%.

In a statement on Monday, September 2, the state statistics bureau said China's GDP totaled 51.89 trillion yuan ($8.51 trillion) in 2012, down CNY38 billion yuan from the original estimate.

The regional powerhouse, China said it grew 7.5% in the 2nd quarter of 2013. - Rappler and Agence France Press