China's economic performance in 2019

2020-01-17 16:14:10Xinhua Editor : Cheng Zizhuo ECNS App Download

The National Bureau of Statistics Friday unveiled a raft of figures for China's economy in 2019, showing the country's high-quality development.

The following are some key takeaways:

-- China's economy grew 6.1 percent, within the government's target of 6 to 6.5 percent. Growth in the fourth quarter came in at 6 percent.

-- Gross domestic product (GDP) totaled 99.09 trillion yuan (14.38 trillion U.S. dollars), with the service sector accounting for more than half of the total. The GDP per capita reached 10,276 U.S. dollars.

-- Value-added industrial output expanded 5.7 percent, slowing from the 6.2 percent growth in 2018.

-- Fixed-asset investment increased 5.4 percent year on year in 2019 to 55.15 trillion yuan.

-- Retail sales of consumer goods, a major indicator of consumption growth, rose 8 percent to 41.16 trillion yuan.

-- China's per capita disposable income stood at 30,733 yuan, up 5.8 percent.

-- A total of 13.52 million new urban jobs were created in 2019, exceeding the target of creating over 11 million urban jobs. This marked the seventh year in a row for China to create over 13 million urban jobs.

-- The registered urban unemployment rate stood at 3.62 percent at the end of 2019, well below the government's annual ceiling of 4.5 percent.

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