China's economy is now the first rise in seven years

The total GDP of 80 trillion mark for the first break; a range of indicators than expected

 

2017 China's economic "report card" released on the 18th, a series of indicators is particularly dazzling: the total GDP topped 80 trillion yuan; enterprise efficiency improved markedly; import and export reverse two consecutive years of declining; price inflation to return to the "1 Time "; economic structure was further optimized ......

 

 

"By 2017, China's economy steady for the better, better than expected, economic vitality, power and potential continue to release, stability, coordination and sustainability significantly enhanced to achieve a stable and healthy development." National Bureau of Ning Ji Zhe Say.

 

"Overall, in 2017 the national economy continued the steady progress, steady for the good development trend, the overall situation is better than expected." Ning Ji Zhe said.

 

Than-expected GDP growth steady rise

 

18th National Bureau of Statistics released data show that in 2017, GDP grew by 6.9%. Sub-quarter view, an increase of 6.9% in the first quarter, second quarter growth of 6.9% in the third quarter, an increase of 6.8% in the fourth quarter, an increase of 6.8%.

 

GDP growth in 2017 compared with 2016, a rise of 0.2 percentage points, which is the annual economic growth of our country since 2011, first picked up downstream.

 

Total GDP topped 80 trillion

 

From the point of view of total GDP, preliminary statistics, the annual GDP reached 82.7122 trillion yuan, which is China's GDP topped 80 trillion yuan.

 

Following the 2016 total GDP exceeded 70 trillion yuan mark, 2017. Chinese economy to a new level, crossed the 80 trillion yuan mark, "cake" bigger and bigger.

 

Annual employment target exceeded

 

Employment is the Thing. The year 2017 more than 13 million new urban jobs, exceeding the annual target of 11 million people. Employment steady for the better, thanks to the result of steady economic growth of strong support, but also a strong boost of employment policies.

 

Income growth outperformed GDP

 

2017 national annual per capita disposable income of 25,974 yuan, an increase of 9.0% over the previous year in the name; after deducting price factors, the actual growth of 7.3 percent, or 1.0 percentage points higher than last year. Per capita income of urban and rural residents differential is 2.71 times, compared with last year reduced 0.01.

 

Per capita disposable income growth of 7.3%, significantly outperforming the 6.9% GDP growth rate. China International Economic and Exchange Center, Deputy Chief Economist Hong Xu was that this is a good thing. With-than-expected economic growth, improved enterprise efficiency, at the same time, many aimed at increasing the income of policies are rolled and landed, income growth has kept the foundation.

 

Economic efficiency of enterprises improved markedly

 

Data show that in 2017 the central enterprises realized profits topped 1.4 trillion yuan, an increase of 15.2%, and the economic benefits of the incremental growth are the highest level in five years.

 

2017 1--11 months, the national scale industrial enterprises realized a total profit of 6.875 trillion yuan, up 21.9 percent, or 12.5 percentage points higher than a year earlier.

 

Import and export reverse the downward trend for two consecutive years

 

Moderate recovery in the world economy, the domestic economy steady for the better, and promote China's foreign trade continued to grow throughout the year.

 

2017 total import and export 27.7921 trillion yuan, up 14.2 percent over the previous year, reversing two consecutive years of declining. Among this, exports 15.3318 trillion yuan, up 10.8%; imports of 12.4603 trillion yuan, an increase of 18.7%.

 

Annual price inflation to return to "1 Time"

 

2017 annual CPI rose 1.6%, or down 0.4 percentage points from 2016, to return to "1 Time", also within the price about 3% of the annual target of regulation. Among them, food prices fell 1.4 percent, the first decline since 2003.

 

Peking University Economics Professor Cao Heping said it expects low inflation state will maintain long-term price inflation in 2018 will also be a large probability of less than 2%.

 

Economic restructuring and upgrading to achieve new results

 

Economic structure was further optimized. The tertiary industry's contribution to annual GDP growth rate of 58.8%, 1.3 percentage points higher than the previous year; consumption is the active force of economic growth, final consumption expenditure to GDP growth in the contribution rate of 58.8% , higher than the 26.7 percent gross capital formation.

 

Push forward the development of green, yuan GDP energy consumption fell by 3.7% over the previous year.

 

Comprehensive Xinhua News Agency, reported WASHINGTON