(Economic Watch) China's Economic "Annual Report" in 2021 presents six highlights

  China News Service, Beijing, January 17th: China's economic "Annual Report" in 2021 presents six highlights

  China News Agency reporter Chen Su

  The 2021 China Economic "Annual Report" released on the 17th shows that in the face of multiple challenges such as the complex international environment and the spread of domestic epidemics, China's economy will continue to recover steadily in 2021, the main indicators will achieve the expected goals, and the economy will show six major highlights.

Economic growth leads global recovery

  In 2021, China's GDP will increase by 8.1% over the previous year, exceeding the expected target of "more than 6%" in China's "Government Work Report" in 2021.

  According to the data released by the National Bureau of Statistics of China on the same day, China's economic aggregate reached 114.4 trillion yuan (RMB, the same below), exceeding 110 trillion yuan. Converted at the annual average exchange rate, it reached 17.7 trillion US dollars, ranking second in the world. It is expected to account for more than 18% of the global economy.

The per capita GDP is 80,976 yuan, converted at the annual average exchange rate, reaching 12,551 US dollars, exceeding 12,000 US dollars.

China's economic strength has grown significantly and continues to lead the global economic recovery.

Exceeding employment goals

  In 2021, 12.69 million new jobs will be created in China's cities and towns, exceeding the target of more than 11 million.

The national urban surveyed unemployment rate averaged 5.1%, down 0.5 percentage points from the average of the previous year and lower than the expected target of around 5.5%.

At the same time, in 2021, the total number of migrant workers in China will increase by 6.91 million or 2.4% over the previous year.

  Ning Jizhe, director of China's National Bureau of Statistics, said that China's economy continues to recover and develop, creating new jobs and laying the foundation for employment.

In addition, the Chinese government has adopted a series of policies to aid enterprises and stabilize jobs, which have played a positive role in the employment of key groups such as college graduates and rural migrant workers.

The increase in the total number of migrant workers in 2021 has exceeded the level in 2019 before the epidemic.

The total foreign trade volume exceeded 6 trillion US dollars for the first time

  In 2021, China's total import and export of goods will be 39.1 trillion yuan, an increase of 21.4% over the previous year, and an average increase of 11.3% in the two years. In US dollars, the trade scale will reach 6.05 trillion US dollars, and its market share in the world will continue to increase.

  Statistics show that in 2021, China's exports of goods will be 21,734.8 billion yuan, an increase of 21.2%, and its imports will be 17,366.1 billion yuan, an increase of 21.5%.

Imports and exports were balanced, and the trade surplus was 4,368.7 billion yuan, an increase of 20.4% over the previous year, meeting the requirement of steady growth in import and export volume.

  Ning Jizhe said that in the past year, China's total import and export of goods exceeded 6 trillion US dollars for the first time, a record high, an increase of 30% in US dollars, and the growth rate also reached a new high since 2011.

Business operations continue to improve

  In 2021, the operation of Chinese enterprises will continue to improve.

In the first 11 months of 2021, the total profits of industrial enterprises above designated size in the country reached 7.975 trillion yuan, a year-on-year increase of 38.0%, and an average increase of 18.9% in the two years.

The operating income profit rate of industrial enterprises above designated size was 6.98%, an increase of 0.9 percentage points year-on-year.

In the first 11 months of 2021, the operating income of 41 major industrial sectors increased by 100% year-on-year, and the profits of 31 industries increased year-on-year, with an increase of more than 80%.

  The operation of service industry enterprises has also continued to recover. In the first November of 2021, the operating income of service industry enterprises above designated size increased by 20.7% year-on-year, with an average growth of 10.8% in the two years.

The role of "ballast stone" in grain production is highlighted

  In 2021, China's grain output will reach a new high. China's total grain output will be 1,365.7 billion catties, an increase of 2.0%, reaching the expected target of more than 1.3 trillion catties, and will continue to play the role of economic "ballast stone".

  In recent years, international grain prices have experienced an obvious upward trend, causing inflationary pressures in many countries. Facing this situation, China has achieved another bumper grain harvest, laying a solid foundation for stable grain prices and commodity prices.

  Ning Jizhe said that since 2015, China's grain has remained above 1.3 trillion kilograms for seven consecutive years, and the inventory is sufficient, ensuring the basic supply of the grain market.

"International commodity prices will affect the Chinese market in the form of imported inflation, and international natural disasters will also have an impact on production, prices, and the market. China will promote the implementation of various policies to stabilize grain production, and keep the rice bowl firmly on its own. In our hands, we can effectively ensure food security.”

Resident income and economic growth go hand in hand

  In 2021, the per capita disposable income of national residents will actually increase by 8.1% over the previous year, with an average growth rate of 5.1% in the two years, which will "keep hand in hand" with economic growth.

  Divided by permanent residence, the per capita disposable income of urban residents was 47,412 yuan, a nominal increase of 8.2% over the previous year, and a real increase of 7.1% after deducting price factors; rural residents was 18,931 yuan, a nominal increase of 10.5% over the previous year, and a real increase of 9.7% after deducting price factors. .

The per capita disposable income ratio of urban and rural residents was 2.50, down 0.06 from the previous year.

The national median per capita disposable income of residents was 29,975 yuan, a nominal increase of 8.8% over the previous year.

  From a regional perspective, in 2021, the per capita disposable income of residents in the central region will increase by 9.2%, and the per capita disposable income of residents in the western region will increase by 9.4%, 0.1 and 0.3 percentage points faster than the national average.

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