China’s average contribution to global economic growth exceeded 30 percent during the 2013-2021 period, ranking first worldwide, official data showed.
In 2021 alone, China’s economic aggregate accounted for 18.5 percent of the world’s total after currency translation based on average annual exchange rates, the second largest in the world, and up 7.2 percentage points from 2012, according to a report released by the National Bureau of Statistics.
China’s gross domestic product (GDP) expanded at an average annual growth rate of 6.6 percent from 2013 to 2021, higher than the growth pace of 2.6 percent for the global economy and 3.7 percent for developing economies, China news service reported. The country’s per capita GDP hit 80,976 yuan ($11,684) last year, surging 69.7 percent from 2012 after deducting the price factor.
The report highlighted China’s progress in promoting innovation-driven development in the past 10 years. —APP
