BUSINESS China's solid economic performance in 2018

BUSINESS

China's solid economic performance in 2018

Xinhua

14:46, January 21, 2019

BEIJING, Jan. 21 (Xinhua) -- China's economy grew 6.6 percent year on year in 2018, beating the official annual target of around 6.5 percent, data from the National Bureau of Statistics (NBS) showed Monday.

VCG111181116001.jpg

File photos: VCG

The country's gross domestic product (GDP) hit 90.03 trillion yuan ($13.32 trillion) in 2018. The following are a group of facts and figures released by the NBS on its solid economic performance last year.

-- China's fixed-asset investment grew 5.9 percent year on year in 2018, 0.5 percentage point faster than that recorded in the first three quarters.

-- Total retail sales of consumer goods rose 9 percent year on year to 38.1 trillion yuan in 2018.

-- Import and export volume hit a historic high of 30.51 trillion yuan in 2018, up 9.7 percent year-on-year, hitting a record high.

-- Industrial output expanded 6.2 percent year on year in 2018, slowing from 6.6-percent growth in 2017.

-- The service sector ticked up 7.7 percent year on year in 2018.

-- Consumption, which has played a prominent role in driving growth, contributed 76.2 percent of the GDP in 2018.

-- Per capita disposable income stood at 28,228 yuan in 2018, up 6.5 percent year on year in real terms.

-- Per capita consumer spending increased by 6.2 percent year on year in real terms to reach 19,853 yuan in 2018. The increase was 0.8 percentage points faster than the previous year. 

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue