China’s GDP surpasses 100 trillion yuan for the first time, “V-shaped” curve makes the world astonishing

Original title: China’s GDP surpasses 100 trillion yuan for the first time, “V-shaped” curve makes the world astonishing

　　China’s economy hands over its 2020 report card

2020 is an extraordinary year and China’s economy has presented an extraordinary report: all yearGDP(GDP) The total amount has reached a new level of 100 trillion yuan, and China has become the only major economy in the world to achieve positive economic growth, and the per capita income of residents has doubled compared to 2010.

GDP exceeded one hundred billion yuan for the first time in history

　　National Statistical OfficeAccording to preliminary calculations, the annual GDP in 2020 will reach 101.5986 billion yuan, surpassing 100 trillion yuan for the first time in history.

“This means that China’s economic strength, scientific and technological strength and comprehensive national strength have risen to a new level, which is of historical importance to start a new journey of building a modern socialist country in a comprehensive way.” said Ning Jizhe, director of the National Bureau of Statistics.

China’s economy has shown a “historic” leap: the total economic volume reached 10 trillion yuan in 2000, exceeded 50 trillion yuan in 2012, and exceeded 100 trillion yuan in 2020. In 20 years, the economic scale total has expanded to 10 times and the achievements have attracted world attention.

From an economic growth perspective, the economy will grow by 2.3% in 2020, making it the only major economy in the world to achieve positive economic growth.

Starting with a 6.8% decline in the first quarter and ending with a 6.5% growth in the fourth quarter, China’s economy will recover steadily in 2020, and its share of the world economy will increase to approximately 17%, outside the V-shaped curve that has made the world amazing. It shows the strong vitality and resilience of the Chinese economy.

Some indicators have exceeded the annual target tasks

In the 2020 China Economic Report, the main macro indicators,job, Prices,residence incomeAll the important “themes” have also performed well.

From the perspective of the main economic objectives, in 2020 11.86 million new jobs will be created in cities and towns throughout the country, exceeding the annual goal and tasks;CPII andAn increase of 2.5%, lower than the expected target of around 3.5%, the national disposable income per capita increased by 2.1% in real terms, basically in line with economic growth;Energy consumption per unit of GDPA decrease of 0.1% compared to the previous year.

“governmentjobsThe main macro control objectives proposed in the report have been achieved, and the finalization is better than expected. Ning Jizhe emphasized.

Of the main indicators, above the scaleIndustrial added value、Investment in fixed assetswithimport and exportThe year-on-year growth rate for the full year achieved positive growth.

Starting in December, the main economic indicators showed an accelerated recovery trend, among them DecemberindustryThe year-on-year growth rate of value added reached 7.3%, a record in recent years;Fixed assetsThe cumulative annual growth rate of investment rose to 2.9%, the highest of the year.

The goal of doubling the per capita income of residents was achieved on schedule.

According to the National Bureau of Statistics, in 2020, the national per capita disposable income of residents was 32,189 yuan, which has doubled compared to the 2010 level.

The report of the 18th National Congress of the Communist Party of China set out the grand objective of building a moderately prosperous society in all respects. One of the most notable requirements is “doubling the per capita income of urban and rural residents compared to 2010.” Previous statistics released by the Bureau of Statistics showed that residents’ disposable income per capita in 2010 was 10,046 yuan. This means that the goal of doubling the per capita income of urban and rural residents by 2020 has been achieved.

Ning Jizhe pointed out at the press conference that residents’ income growth in 2020 is better than expected, achieving basic synchronization with economic growth. From the first to the fourth quarters, the cumulative real growth rate of per capita disposable income of residents across the country was -3.9%, -1.3%, -0.6% and 2.1% , respectively, which improved quarter over quarter.

In line with the big jump in economic aggregates, the income of residents has also continued to rise to a new level. After the founding of the People’s Republic of China, it took China 60 years to reach the per capita disposable income of more than 10,000 yuan, and then it took 5 years to achieve the crossing of 20,000 yuan and 30,000 yuan respectively, and income growth. of residents continued to accelerate.

The new economic boost exceeds expectations

Looking at the economic report card, all kinds of glaring data on the new economy show the increasing power of the new kinetic energy.

　　New industry,newproductThe rapid development of —— From January to November 2020, the strategic emerging services industry above the designated sizecompanyOperating incomeA year-on-year increase of 8.6%, 7 percentage points faster than the service industry above the designated size;robotThe production of new energy vehicles and integrated circuits grew at double digits.

　　industryA new step in structural transformation: in 2020, teamsmanufacturingThe value added of high technology manufacturing increased by 6.6% and 7.1% respectively, which were 3.8 and 4.3 percentage points higher than that of all industries above the designated size;Industrial investmentAn increase of 10.6%, much higher than the level of global investment.

The transformation of the economic structure continues to advance: the added value of the tertiary industry as a proportion of GDP will increase to 54.5% in 2020, becoming the main driving force of economic growth for 6 consecutive years; final consumption expenditure as a proportion of GDP will reach 54.3%, and consumption remains the stable operation of the Ballast stone economy.

In Ning Jizhe’s view, the theme of the “14th Five-Year Plan” is to promote high-quality development. This year, efforts will be made to improve the quality and efficiency of development, and high-quality development will be implemented in all fields and throughout the process of economic society.

The economy will continue its steady recovery this year

Regarding the economic trend this year, all parties are generally relatively optimistic.attitude。

“From the situation in 2021, there are many favorable factors that support the stable recovery of the economy. China’s economy has the basis and the conditions to continue the steady recovery trend,” Ning Jizhe said. He believes that although the current pressure on epidemic prevention and control to “import external defenses and recover from internal defenses” remains great, the fundamentals of China’s long-term economic recovery have not changed and are emerging.

To the worldBankThe latest economic outlook report raised its forecast for China’s economic growth in 2021 to 7.9%. Many institutions also said that this year China is likely to be the top economy with the world’s fastest economic growth.

Tang Jianwei, Chief Researcher at the Bank of Communications, predicts that, affected by the 2020 base, the economic growth rate in the 2021 quarter will be high and low. The economic growth rate in the first quarter can be as high as double digits, and it will gradually decline after the second quarter. The fourth quarter is expected to return to normal growth level and the annual economic growth rate will be around 9%.

　　

(Source: Shanghai Securities News)

(Editor-in-charge: younannan)