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...
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...
China’s GDP increased to 121 trillion yuan, registering an annual growth rate of 5.2 percent over the past five years. Over the past decade, GDP has increased by almost 70 trillion yuan at an annual rate of 6.2 percent. We have achieved a medium-high rate of economic growth given our l...
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,...
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 ...
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 ...
BEIJING, July 17 (Xinhua) -- 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. The country's GDP reached 59.3 trillion yuan (about 8.3 trillion U.S. dollars) in the ...
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. After deducting price factors, China...