China's economy posted stable growth in 2021 despite challenges including epidemic resurgences and a complicated external environment, official data showed Monday. The country's gross domestic product (GDP) expanded 8.1 percent year on year to 114.37 trillion yuan (about 18 trillion U.S. dollars) ...
The striking difference in performance between exports and imports led to a record trade surplus of $104.84 billion in December and $992.16 billion for the full year, nearing the trillion-dollar mark. This positions China as a global trade surplus giant, juxtaposed against the United States' sign...
BEIJING, July 1 (Xinhua) -- China's consumer economy is expected to continue to grow fast and may increase by 1.8 trillion U.S. dollars by 2021, according to a recent report. Even as overall economic growth eases, China's consumer economy is benefiting from an emerging upper-middle-class...
*In 2022, China's digital economy had reached 50.2 trillion yuan (about 6.99 trillion U.S. dollars), up from 11 trillion yuan in 2012. *At the national level, China will promote deeper integration of the digital and real economies, and support small and medium-sized enterprises in speeding...
II. China's trade surplus nears one trillion dollars, drawing global attention In 2024, the goods trade surplus nearly reached the trillion-dollar mark, reaching $992.16 billion, an increase of $168.93 billion from 2023, more than doubling over the past five years. This contrasts with the U....
On the fiscal front, government spending rose 6.8 percent year on year to hit 6.79 trillion yuan (about 987.9 billion U.S. dollars) in the first quarter, according to the Ministry of Finance.Since the beginning of this year, the central government has maintained a relatively high ...
The few China-naysayers must be surprised or even disappointed to see the Chinese economic performance data in 2023. According to the release by the National Bureau of Statistics last week, the country's GDP grew by 5.2 percent, reaching 126 trillion yuan (about 17.71 trillion U.S. dollars)...
On the fiscal policy front, the country last month lifted its 2023 budget deficit ratio from 3 percent to around 3.8 percent, through the issuance of an additional 1-trillion-yuan (about 139.28 billion U.S. dollars) in government bonds during the last quarter of the year. ...
Consumers go shopping at a shopping mall in Kunming, southwest China's Yunnan Province, Jan. 1, 2023. (Photo by Liang Zhiqiang/Xinhua) China's gross domestic product (GDP) grew 4.5 percent year on year to 28.5 trillion yuan (about 4.14 trillion U.S. dollars) in the first three months,...
In 2022, more than 5,000 listed companies achieved a total added value of more than 18.23 trillion yuan (about 2.57 trillion U.S. dollars), accounting for 15.1 percent of China's GDP, and their R&D investment value accounted for 50 percent of the national R&D expenditure, according to Yi...