Chinanews client, Beijing, January 18th (Reporter Li Jinlei) According to the schedule, the National Bureau of Statistics will announce today (18th) China's economic data for 2020, including major indicators such as GDP will be officially announced.

Under the impact of the new crown pneumonia epidemic, what answer will China's economy hand over in 2020?

Night view of Haixinsha in Guangzhou (data map).

Photo courtesy of Guangzhou Culture, Radio, Film and Tourism Bureau

The

total

GDP

is expected to exceed 100 trillion yuan

　　The National Bureau of Statistics recently released an announcement on the final verification of gross domestic product (GDP) in 2019. After final verification, the total current value of GDP in 2019 was 98,651.5 billion yuan.

　　The "Recommendations of the Central Committee of the Communist Party of China on Formulating the Fourteenth Five-Year Plan for National Economic and Social Development and Long-Term Goals for 2035" issued in 2020, is expected to exceed 100 trillion yuan in GDP in 2020.

　　Ning Jizhe, deputy director of the National Development and Reform Commission and Director of the National Bureau of Statistics, also said in an interview recently that the GDP is expected to exceed 100 trillion yuan in 2020, and the per capita GDP will exceed 10,000 US dollars for two consecutive years.

　　This shows that China's economic strength will once again leap to a new level.

Data map: On October 2, 2020, Beijing, a bright moon gradually rises at night.

Photo by China News Agency reporter Sheng Jiapeng

GDP growth rate is expected to be around 2%

　　China has not set specific targets for economic growth in 2020, but the outside world is still very concerned about the GDP growth rate in 2020.

　　China's economic growth rate has turned from negative to positive in the first three quarters of 2020. In the first three quarters, GDP grew by 0.7% year-on-year.

In quarterly terms, the first quarter was down 6.8% year-on-year, the second quarter was up 3.2%, and the third quarter was up 4.9%.

　　What level will the annual GDP growth rate reach?

Ning Jizhe said that in 2020, my country will coordinate the promotion of epidemic prevention and control and economic and social development, take the lead in controlling the epidemic, resuming work and production, and taking the lead in realizing economic growth from negative to positive.

my country’s economic growth rate is expected to reach about 2% in 2020, making it the only major economy in the world to achieve positive economic growth.

　　The World Bank released the latest "Global Economic Outlook" report on January 5, predicting that China's economy will grow by 2% in 2020 and 7.9% in 2021.

　　The International Monetary Fund recently announced that China has introduced strong epidemic prevention measures and quickly launched policy actions to alleviate the impact of the crisis, in order to support the sustained economic recovery from the crisis.

China's economic activities continue to return to normal, and the domestic epidemic is under control. The GDP growth rate is expected to be 1.9% in 2020 and 7.9% in 2021.

Data map: Bank staff is counting money.

Photo by Ai Qinglong

Can residents' income growth outperform GDP?

　　Affected by the epidemic, residents' income experienced negative growth in the first quarter of 2020. Data shows that the national per capita disposable income of residents in the first quarter of 2020 was 8,561 yuan, a nominal increase of 0.8% year-on-year, and an actual decrease of 3.9% after deducting price factors.

　　With the recovery of economic growth, residents' income has also shown an improvement trend, and it will finally usher in positive growth in the third quarter of 2020.

　　Data show that in the first three quarters of 2020, the national per capita disposable income of residents was 23,781 yuan, a nominal increase of 3.9% year-on-year, and a real increase of 0.6% after deducting price factors, turning positive for the first time in the year.

　　At present, the market predicts that the growth rate of residents' income for the whole year of 2020 is expected to be a positive growth. However, whether the growth rate of residents' income can outperform GDP growth is still unknown.

This is also a highlight of the 2020 China Economic Annual Report.

The picture shows tourists lining up to shop in Sanya International Duty Free City.

Photo by Yin Haiming

What is the consumption performance of the "main engine" of the economy?

　　From the perspective of the "troika" that drives economic growth, the export performance is eye-catching. In 2020, my country's total import and export value of goods trade is 32.16 trillion yuan, and the scale of foreign trade has reached a record high, becoming the only major player in the world to achieve positive growth in goods trade. Economy.

　　What will the undisclosed consumption data have?

Data show that in the first quarter of 2020, affected by the epidemic prevention and control measures, consumption was once "frozen", and the total retail sales of consumer goods was 7,788.0 billion yuan, a year-on-year decrease of 19.0%.

　　Since then, as China promotes the resumption of work and production, and the resumption of business and markets, major results have been achieved in epidemic prevention and control, the return of smoke and fire, and consumption has gradually recovered.

The total retail sales of consumer goods in the third quarter increased by 0.9%, and the quarterly growth rate turned positive for the first time in 2020.

　　However, from January to November 2020, the total retail sales of consumer goods will be 35,141.5 billion yuan, a year-on-year decrease of 4.8%, which is still a negative growth.

　　As the main engine of China's economic growth, the outside world is particularly concerned about what growth rate will be achieved in the whole year of 2020 and whether it will achieve positive growth.

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