China News Agency, Beijing, January 17 (Reporter Wang Enbo) Ning Jizhe, director of the National Bureau of Statistics of China, said in Beijing on the 17th that China's per capita gross domestic product (GDP) in 2021 will already exceed the world's per capita level.
According to preliminary estimates, the world's per capita GDP in 2021 will be around US$12,100, and China's will be US$12,500.
According to the data released on the same day, China's total economic volume will reach 114.4 trillion yuan (RMB, the same below) in 2021, exceeding 110 trillion yuan, and it will reach 17.7 trillion US dollars at the annual average exchange rate, ranking second in the world and accounting for the global economy. The proportion is expected to exceed 18%.
The per capita GDP is 80,976 yuan, which is equivalent to 12,551 US dollars at the annual average exchange rate.
Ning Jizhe said at a press conference held by the State Council Information Office that China's total economic output reached 110 trillion yuan is a landmark event, and per capita GDP has also increased accordingly.
"This means that China's comprehensive national strength, social productivity, and people's living standards have been further improved. It also means that China has a stronger foundation for development, better conditions, and more motivation. It also contributes China's strength to global development."
He said that in the past year, China's nominal GDP has increased from 101 trillion yuan to 114 trillion yuan, an increase of about 13 trillion yuan.
The increase is equivalent to US$2 trillion at the average annual exchange rate, equivalent to the annual economic aggregate of a relatively large major economy in the world.
Ning Jizhe also mentioned that China's social productivity has been further improved.
The output of major industrial and agricultural products continued to rank among the top in the world.
In 2021, China's total grain output will exceed 1.3 trillion kilograms, ranking first in the world in grain output; crude steel output will be 1.03 billion tons, and power generation will be 8.1 trillion kWh, ranking first in the world.
In terms of people's living standards, the Engel coefficient, which reflects the consumption structure, has declined.
In 2021, the Engel coefficient of Chinese residents will be 29.8%, a decrease of 0.4 percentage points from the previous year.
Ning Jizhe also pointed out that China's economy has maintained rapid growth, which has driven the growth of the world economy.
In 2020, the world economy will experience negative growth and China's economy will experience positive growth, which will play a significant role in driving the world.
In 2021, the contribution rate of China's economic growth to world economic growth is expected to reach about 25%.