After crossing the 100-trillion-yuan threshold in 2020, China's gross domestic product (GDP) further expanded to over 114 trillion yuan last year, contributing over 30 percent to world economic growth. Back in 2012, its GDP stood at around 53.86 trillion yuan, accounting for about 11.5 percent...
etal.is applied to the Chinese GDP per capita provincial-based panel datasets covering the period from 1952 to 2006.The evidence obtained that the Chinese GDP per capita is the trend stationarity panel,once breaks in the series are considered.The break points were associated with Chinese episodic...
After crossing the 100-trillion-yuan threshold in 2020, China's gross domestic product (GDP) further expanded to over 114 trillion yuan last year, contributing over 30 percent to world economic growth. Back in 2012, its GDP stood at around 53.86 trillion yuan, accounting for about 11.5 percent...
These bullish predictions have a solid basis. Figures from the National Statistics Office show that China's gross domestic product (GDP) grew by 5.2 percent year-on-year in the first three quarters of this year, one of the fastest among major economies in the world. From January to October,...
by Teddy Kaberuka The Chinese economy has experienced remarkable growth over several decades, with an average annual GDP growth rate exceeding 9 percent. Millions of people have been lifted out of poverty. During this time, the GDP has increased rapidly from 149.55 billion U.S. dollars in 1978...
Consumption, a mainstay of the Chinese economy, contributed 82.5 percent of the GDP growth in 2023, according to the NBS. "A major reason behind the steady expansion of consumption is that China's per capita disposable income has been growing," said Xiong. ...
Strong consumption demand.A population of more than 1.4 billion and a middle-income group exceeding 400 million underpin a robust Chinese consumer market. In fact, consumption contributed to 83.2 percent of China's overall GDP growth in the first three quarters of 2023. New business forms like ...
for the world economy. China is an important engine of global development. Over the years, its contribution to world economic growth has stayed at around 30%. In 2023, the Chinese economy rebounded and moved upward, with...
Consumption, a mainstay of the Chinese economy, contributed 82.5 percent of the GDP growth in 2023, according to the NBS. "A major reason behind the steady expansion of consumption is that China's per capita disposable income has been growing," said Xiong. ...
* China's gross domestic product (GDP) grew 5.5 percent year on year in the first half (H1) of 2023, data from the National Bureau of Statistics (NBS) showed Monday. * In the first half of this year, in the face of a grave and complex international environment and arduous tasks of ...