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Economy

China has become the first driving force of world economic growth

2022-10-03   

The 13th Series of Reports on Economic and Social Development Achievements since the 18th National Congress of the Communist Party of China released by the National Bureau of Statistics shows that from 2013 to 2021, China's average contribution rate to world economic growth will reach 38.6%, exceeding the total contribution rate of G7 countries, and it is the first driving force to promote world economic growth. Since the 18th National Congress of the Communist Party of China, China's economy has continued to develop rapidly, and the economic growth rate is much higher than the world average. From 2013 to 2021, the average annual growth rate of China's economy will be 6.6%, which is much higher than the world average growth rate of 2.6% in the same period, and also higher than the average growth rate of 3.7% of developing economies. The economic growth rate will be in the forefront of major economies in the world. In 2020, China's economy will grow by 2.2% in the face of the severe impact of the New Coronary Pneumonia epidemic, making it the only major economy to maintain positive growth. Since 2012, China's gross domestic product (GDP) has ranked the second in the world, and its proportion in the total world economy has increased year by year. In 2021, China's GDP will reach 17.7 trillion US dollars, accounting for 18.5% of the world, 7.2 percentage points higher than that in 2012. The gap between China's economic aggregate and that of the United States has narrowed significantly, and is far higher than that of Japan and other major economies in the world. In 2021, China's GDP will be equivalent to 77.1% of that of the United States, 24.6 percentage points higher than that of 2012, 3.6 times of that of Japan and 5.6 times of that of India. The output of China's major industrial and agricultural products has remained at the forefront of the world. Since 2012, the output of grains, meat, peanuts and tea has ranked first in the world, and the output of rapeseed has ranked second. The output of crude steel, coal, power generation, cement, fertilizer, automobiles, microcomputers, mobile phones and other industrial products has ranked first in the world; In 2021, China's crude oil output will rank fifth in the world, next only to the United States, Russia, Saudi Arabia and Canada. The total foreign trade volume has leapt to the first place in the world. In 2020, China's total foreign trade will rise from 4.4 trillion dollars in 2012 to 5.3 trillion dollars, surpassing the United States as the world's largest trading country. In 2021, China's total foreign trade will increase to 6.9 trillion US dollars, continuing to rank first in the world. The per capita gross national income achieved a new leap. In 2021, China's per capita gross national income (GNI) will reach US $11890, double that of 2012. In the per capita GNI ranking published by the World Bank, China's per capita GNI rose from 112th in 2012 to 68th in 2021, an increase of 44. Since the 18th National Congress of the Communist Party of China (CPC), China has vigorously implemented the innovation driven development strategy. Remarkable achievements have been made in building an innovative country, its innovation capacity has been greatly enhanced, and its international competitiveness has been significantly enhanced. In 2021, China's innovation index will rank 12th in the world, up 22 places from 2012, and ranking first among middle-income countries. Since 2012, the number of Chinese enterprises listed in the World Top 500 has continued to grow, and surpassed the United States for the first time in 2018, ranking first in the world for four consecutive years. In 2021, the number of enterprises on the list in China reached a new high, reaching 145, 50 more than that in 2012, and the number of enterprises on the list has increased for 19 consecutive years. (Lixin

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Guangming Daily

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