Xinhua News Agency, Beijing, December 14 (Xinhua) -- China's economic strength has achieved a historic leap in China's GDP doubling in ten years.
Xinhua News Agency reporter Wei Yukun.
More than 120 trillion yuan——
From 2013 to 2022, China's gross domestic product (GDP) increased from 593 trillion yuan increased to 121 trillion yuan, with an average annual growth rate of more than 6%, and the total economic output reached 18 trillion US dollars at the average annual exchange rate, ranking second in the world.
This is the scene of the 134th Canton Fair taken on October 15, 2023. Photo by Xinhua News Agency reporter Deng Hua.
In 2023, the main expected goals of China's economic and social development are expected to be successfully achieved, which also means that China's economic aggregate will continue to grow steadily.
Since the new era, China's total economic output has doubled, and its development stands at a new and higher historical starting point
From the perspective of the timeline, in 2014, 2016, 2017, 2018, 2020, and 2021, China's GDP successively crossed the 60 trillion yuan, 70 trillion yuan, 80 trillion yuan, 90 trillion yuan, 100 trillion yuan, and 110 trillion yuan mark, and exceeded 120 trillion yuan in 2022.
Workers produce filters at the Smart Microelectronics Industrial Park in Rizhao High-tech Industrial Development Zone, Shandong Province, June 29, 2023. Photo by Xinhua News Agency reporter Guo Xulei.
In 2020, China was the only major economy in the world to achieve positive economic growth. In the past three years, China's economy has grown at an average annual rate of 4.%.5%, higher than the world average growth rate of 2About 5 percentage points. In 2023, China's economic growth rate will continue to be at the forefront of major economies.
From a longitudinal point of view, the current annual GDP increase in China has far exceeded the annual GDP in the early 90s of the last century. The increase brought about by the growth rate of 1 percentage point of China's economy is equivalent to about 21 percentage point.
While the total economic output continues to increase, the per capita GDP has achieved new breakthroughs. In the past 10 years, China's per capita GDP has increased from 43,497 yuan to 85,698 yuan. Converted at the average annual exchange rate, China's per capita GDP will reach US$12,741 in 2022, remaining at 1 for two consecutive yearsMore than $20,000.
China's share of the global economy has steadily increased, and its international influence is increasing day by day.
In the past 10 years, China's total economic output has accounted for 12 percent of the world economy3% has risen to about 18%, and the total amount of goods has ranked first in the world for 6 consecutive years, with an average annual contribution rate of more than 30% to world economic growth, and has always been the biggest engine to promote world economic growth.
This is Tesla's booth in the smart car chain exhibition area of the first China International ** Chain Promotion Expo (taken on November 30, 2023). Photo by Xinhua News Agency reporter Ren Chao.
Foreign exchange reserves rank first in the world. Over the past 10 years, China's foreign exchange reserves have stabilized at more than US$3 trillion, and the balance of foreign exchange reserves reached US$3,127.7 billion at the end of 2022. Against the backdrop of a complex and severe external situation and rising uncertainties, the large and stable scale of foreign exchange reserves provides a strong guarantee for China's economy to resist the impact of external risks.
A group of data has witnessed the steady improvement of China's comprehensive national strength, international influence, and people's living standards, demonstrating that China's development foundation is firmer, the quality of development is better, and the development momentum is more abundant.
This year is the first year for the full implementation of the spirit of the 20th National Congress of the Communist Party of China, and a year for economic recovery after the three-year transition of new crown epidemic prevention and control.
In the face of the turbulent international political and economic environment and the arduous and arduous tasks of domestic reform, development and stability, China's economy has successfully withstood external pressure, overcome internal difficulties, and achieved a good recovery: GDP reached 913027 billion yuan in the first three quarters, a year-on-year increase of 52%。
This is a model of the "Zero Carbon City" vision displayed at Schneider Electric's booth at the 6th China International Import Expo (photo taken on November 9, 2023). Photo by Xinhua News Agency reporter Ding Ting.
Based on the long-term optimism about the Chinese market, foreign financial institutions continue to "increase" the Chinese bond market. According to data from the People's Bank of China, foreign institutions have been net ** China's bonds for 9 consecutive months, with a cumulative net ** volume of nearly 1 trillion yuan since 2023, of which the net ** volume of foreign capital has exceeded 200 billion yuan in October, and it is expected that the increase in holdings is expected to reach 250 billion yuan in November.
Recently, the International Monetary Fund (IMF), the Organization for Economic Cooperation and Development (OECD) and many other international institutions have intensively raised China's economic growth forecasts, casting a "vote of confidence" for China's economy.
The IMF raised its forecast for China's GDP growth in 2023 to 5.5% from 5% previously4%, while raising its GDP growth forecast for 2024. The OECD raised China's GDP growth rate to 5 in 20232%。According to the Asian Development Bank's 2023 Asian Development Outlook (December Edition)**, China's economic growth rate will reach 5 in 20232%, up from 49%。
The just-concluded economic work conference pointed out that, on the whole, the favorable conditions facing China's development are stronger than the unfavorable factors, and the basic trend of economic rebound and long-term improvement has not changed, and it is necessary to enhance confidence and confidence.
Visitors learn about a micro lathe at the Bavarian booth at the 25th Hi-Tech Fair (photo taken on November 15, 2023). Photo by Xinhua News Agency reporter Liang Xu.
Han Wenxiu, deputy director of the Finance Office in charge of daily work and director of the Agricultural Office, said that in 2023, China's contribution to global economic growth will be about 1 3, making it the largest engine of the world economy. "Compared with last year, compared with other countries, China's development achievements are convincing, and it can be said that the scenery is unique. ”