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FACTBOX: China's economic development since 2002

08-16-2012 23:22 BJT

BEIJING, Aug. 16 (Xinhua) -- The National Bureau of Statistics released a report Thursday on the country's economic achievements since the 16th National Congress of the Communist Party of China in late 2002.

The following are facts and figures from the report:

-- China's gross domestic product (GDP) expanded by an average annual rate of 10.7 percent during the 2003-2011 period.

-- The country's GDP reached 47.2 trillion yuan (7.43 trillion U.S. dollars) in 2011, up 150 percent from 2002 after adjusting for inflation.

-- The proportion of China's GDP in the world economy rose from 4.4 percent in 2002 to about 10 percent in 2011.

-- The GDP per capita reached 35,083 yuan in 2011, up 140 percent from 2002 after adjusting for inflation, representing an average annual growth of 10.1 percent.

-- Calculating with average exchange rates, China's GDP per capita rose from 1,135 U.S. dollars in 2002 to 5,432 U.S. dollars in 2011.

-- Total fiscal revenues stood at 10.37 trillion yuan in 2011, up 450 percent from 2002, representing an average annual growth of 20.8 percent.

-- Foreign exchange reserves reached 3.18 trillion U.S. dollars by the end of 2011, representing an annual growth rate of 30.7 percent.

-- From 2003 to 2011, the primary industry grew by an annual rate of 4.6 percent, the secondary industry by 11.9 percent and the tertiary industry by 11.1 percent.

-- The contribution of domestic demand to China's economic growth rose from 92.4 percent in 2002 to 104.1 percent in 2011, while contributions from foreign demand dropped from 7.6 percent in 2002 to minus 4.1 percent in 2011.

-- The urbanization rate stood at 51.3 percent in 2011, up 12.2 percentage points from 2002.

-- Total grain production reached 571.21 million tonnes in 2011, up 25 percent from 2002, representing an annual growth of 2.5 percent.

-- Total fixed-asset investment during the 2003-2011 period amounted to 144.9 trillion yuan, marking an annual growth rate of 25.6 percent.

-- Total goods exports and imports reached 3.64 trillion U.S. dollars in 2011, up 490 percent from 2002, achieving an annual increase of 21.7 percent.

-- Foreign direct investment (FDI) into China totaled 716.4 billion U.S. dollars during the 2003-2011 period.

-- Retail sales of consumer goods totaled 18.39 trillion yuan in 2011, up 280 percent from 2002, realizing an annual increase of 16.1 percent.

-- The Engel's coefficient for urban residents dropped 1.4 percentage points from 2002 to 36.3 percent in 2011, while the coefficient for rural residents dropped 5.8 percentage points from 2002 to 40.4 percent last year.

 

Editor:Zheng Limin |Source: Xinhua

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