BUSINESS China's economic output jumped by $9.05 trillion over past 10 years: official

BUSINESS

China's economic output jumped by $9.05 trillion over past 10 years: official

ECNS

16:53, June 28, 2022

China’s economic output has jumped from 53.9 trillion yuan($8.06 trillion) in 2012 to 114.4 trillion yuan($17.11 trillion) in 2021, with its proportion in the world economy increasing from 11.3 percent to more than 18 percent, the country’s development and reform commission announced Tuesday.

(File photo: CFP)

China’s per capita GDP has risen from $6,300 to more than$12,000, and its innovation index ranked 12th in the world in 2021, making historic leaps in important fields, said the authority at a press conference themed "China in the Past Decade".

In the past ten years, China has solidly implemented major regional development strategies, including the coordinated development of the Beijing-Tianjin-Hebei region, the development of the Yangtze River Economic Belt and the Guangdong-Hong Kong-Macao Greater Bay Area, the integrated development of the Yangtze River Delta, the ecological protection and high-quality development of the Yellow River Basin and more, it was noted at the press conference.

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