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BUSINESS, ECONOMY

China’s Financial Wall

CHINA HEALTHKey facts and figures of China’s development achievements over the past five years from the report (source: National Bureau of Statistics of China)

– China’s GDP increased from 26.6 trillion yuan to 51.9 trillion yuan over the past five years, and now ranks second in the world.

— GDP grew by 7.8 percent in 2012.

— GDP grew at an average annual rate of 9.3 percent over the past five years, considerably higher than the average global rate and the average rate of other emerging economies for the same period.

— The rise in the CPI fell to 2.6 percent in 2012.

— The government deficit dropped from 2.8 percent of GDP in 2009 to about 1.5 percent last year, and both deficit-to-GDP and debt-to-GDP ratios remained at a safe level.

— Government revenue went up from 5.1 trillion yuan to 11.7 trillion yuan.

— A total of 58.7 million urban jobs was created over the past five years, and 12.66 million urban jobs were created last year.

— The per capita disposable income of urban residents rose by an annual average of 8.8 percent, and the per capita net income of rural residents rose by 9.9 percent.

— Grain output increased for the ninth consecutive year in 2012.

— More than 18 million government-subsidized housing units of various types were built, and over 12 million housing units in run-down areas were upgraded.

— A total of 19,700 kilometers of new rail lines were built, 8,951 kilometers of which are high-speed railways.

— Car ownership stood at 21.5 cars per 100 urban households last year, an increase of 15.5 over 2007.

— Energy consumption per unit of GDP fell by 17.2 percent over the past five years.

— The urbanization level rose from 45.9 percent to 52.6 percent, marking a historic turning point in China’s urban-rural population structure.

— The average life expectancy reached 75 years.

— During the past five years, China’s import and export volume grew by an annual average of 12.2 percent and rose from third to second place in the world.

— China has become the largest exporter in the world, and its international market share increased by over two percentage points over 2007.

— Over the past five years, China utilized 552.8 billion US dollars of foreign investment.

— Non-financial outward direct investment increased from 24.8 billion dollars in 2007 to 77.2 billion dollars in 2012, growing at an average annual rate of 25.5 percent. This turned China into a major overseas investor country.

 

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