Economy

The total economic volume has reached a new level and the new driving force has been growing -- A perspective on the statistical bulletin of national economic and social development in 2022

2023-03-01   

The total economic output has exceeded 120 trillion yuan, leaping to a new level; The research and experimental development fund (RD) of the whole society has maintained double-digit growth for seven consecutive years; The per capita disposable income of the national residents increased by 2.9% in real terms over the previous year, basically in line with the economic growth... The 2022 statistical bulletin on national economic and social development issued by the National Bureau of Statistics on February 28 shows that in the face of the intertwined changes in the century and the epidemic situation in the century, and in the face of the triple pressure of demand contraction, supply shock and expected weakening, China's economic aggregate continues to expand, the quality of development has steadily improved, and the overall social situation is harmonious and stable, China's economy shows strong resilience and potential. According to the "stable" communique of the economic market, China's gross domestic product (GDP) will reach 121 trillion yuan in 2022, which is a new step after the continuous breakthrough of 100 trillion yuan and 110 trillion yuan in 2020 and 2021. At the annual average exchange rate, China's total economic volume reached 18 trillion US dollars, ranking second in the world. The per capita GDP was 85698 yuan, which reached US $12741 at the annual average exchange rate, and remained above US $12000. "The economy withstood the pressure and achieved 3.0% growth throughout the year, leading among the major economies ranking the top in the world in terms of economic size. The economic aggregate continued to expand, the development foundation became more solid, and the comprehensive national strength was further strengthened," said Sheng Laiyun, deputy director of the National Bureau of Statistics. Looking back to 2022, China's total employment pressure and structural contradictions have become prominent. The supply shortage of international commodities has brought about an increase in imported inflation pressure, and the challenges of stabilizing employment and prices have increased. However, with the efforts of all parties, the employment and price situation also remained stable on the whole. According to the communique, in 2022, 12.06 million new urban jobs will be created nationwide, exceeding the annual target of 11 million; The monthly growth of China's consumer price index (CPI) has always been lower than 3%, and only rose 2.0% throughout the year. "It is significantly lower than the growth of 8.0% in the United States, 8.4% in the euro area, 9.1% in the United Kingdom and other developed economies, and also significantly lower than the growth of 6% - 10% in emerging economies such as India, Brazil and South Africa. 'China's price stability' is in sharp contrast to 'global inflation'," said Sheng Laiyun. The "upgrade" bulletin of development quality shows that while China's economic aggregate has reached a new level, the quality of development has also been steadily improved. New drivers continue to grow. The communique showed that in 2022, the research and experimental development funds (RD) of the whole society reached 3.1 trillion yuan, breaking through 3 trillion yuan for the first time, an increase of 10.4% over the previous year, and maintaining double-digit growth for seven consecutive years. By the end of 2022, China's effective number of invention patents reached 4.212 million, ranking first in the world. At the same time, the added value of high-tech manufacturing industry above designated size increased by 7.4% over the previous year, and the investment in high-tech industry increased by 18.9%; The output of new energy vehicles, solar cells, industrial robots and other products increased by 90.5%, 46.8% and 21.0% respectively. The green transformation continued to advance. In 2022, the national energy consumption of 10000 yuan of GDP will decrease by 0.1% over the previous year, and the carbon dioxide emissions of 10000 yuan of GDP will decrease by 0.8%. whole

Edit:Hou Wenzhe Responsible editor:WeiZe

Source:Economic Information Daily

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