China’s GDP exceeds $17 trillion

China’s Gross Domestic Product (GDP) reached 114 trillion 400 billion yuan (about 17.7 trillion US dollars) in 2021.

The 2021 National Statistics Report on Economy and Social Development was released by China’s National Statistics Administration today. According to the report, China’s GDP reached 114 trillion 400 billion yuan (about 17.7 trillion US dollars) in 2021, maintaining its position as the world’s second largest economy. GDP per capita reached 80,976 yuan (about $12,551), surpassing the world’s average. The agricultural sector has made solid progress, growing by 7.1 percent compared to 2020. The manufacturing and service sectors also saw increases in varying degrees.

Last year, China’s contribution to the growth of the world economy rose to 25 percent. While China’s goods trade and foreign exchange reserves maintain its first place in the world, the country ranks first in the world in terms of service trade, foreign investment and consumption market capacity.

China has played an irreplaceable role in the recovery of the world economy and the preservation of the stability of the global industry chain.

Leave a Reply

Your email address will not be published.