China News Service, January 17th (China News Finance reporter Li Jinlei) The National Bureau of Statistics released the 2022 China Economic Annual Report on the 17th.

　　Looking at this annual report, we can see the resilience of the Chinese economy: Facing the turbulent international environment, China’s GDP has exceeded 120 trillion yuan, the total volume of trade in goods has exceeded 40 trillion yuan, and the employment and price targets have been achieved.

Data map.

Photo by Li Heping

The economy withstood the pressure and climbed to a new level

　　"In 2022, the national economy will withstand the pressure and reach a new level." The National Bureau of Statistics used this sentence to describe the Chinese economy in 2022.

　　According to preliminary calculations, the annual GDP was 121,020.7 billion yuan, calculated at constant prices, an increase of 3.0% over the previous year.

　　This means that China's total economic volume has exceeded 120 trillion yuan, reaching 121 trillion yuan.

　　Kang Yi, director of the National Bureau of Statistics, pointed out at the press conference of the State Council Information Office that based on the annual average exchange rate, 120 trillion yuan is equivalent to about 18 trillion U.S. dollars, ranking second in the world.

From the per capita level, China's per capita GDP will reach 85,698 yuan in 2022, an actual increase of 3% over the previous year.

Converted according to the annual average exchange rate, it reached 12,741 US dollars and remained above 12,000 US dollars for two consecutive years.

　　Wen Bin, Chief Economist of China Minsheng Bank, said that on the whole, China's economic operation will face more internal and external shocks in 2022. The economic growth rates in the four quarters were 4.8%, 0.4%, 3.9% and 2.9%, which can be described as twists and turns. .

However, it can achieve a growth rate of 3%, which is still relatively fast compared with major economies, and the total economic volume has reached 121 trillion yuan, which has reached a new level, which fully reflects the resilience, potential and vitality of the Chinese economy.

Both employment and price targets achieved

　　What is the performance of livelihood indicators such as employment, prices, and income?

　　In terms of income, the per capita disposable income of national residents in 2022 will be 36,883 yuan, a nominal increase of 5.0% over the previous year, and a real increase of 2.9% after deducting price factors, which is basically in sync with economic growth.

　　In terms of employment, 12.06 million new urban jobs will be created in 2022, exceeding the expected target of 11 million.

　　In terms of prices, the annual CPI will rise by 2% in 2022, which is within the expected target of around 3%.

The annual price increase is significantly lower than that of developed economies such as the United States (about 8%), the Eurozone (over 8%), and the United Kingdom (about 9%).

　　"In the face of sharp rises in global food and energy prices and high pressure from imported inflation, my country's price situation has remained stable, which is in stark contrast to the high inflation in major economies such as Europe and the United States." Kang Yi said.

　　"In 2022, in the face of the greatest inflationary pressure in the world in the past 40 years, our country has always maintained a strong financial and monetary policy, timely and effective epidemic prevention and control measures, a sound industrial production system, and relatively safe energy and food security. Relatively mild inflation level." Wen Bin said.

Data map: Xiamen Port Haicang Container Terminal.

Photo by China News Agency reporter Wang Dongming

What is the outlook for China's economy in 2023?

　　"As the epidemic prevention and control enters a new stage, various policies are continuously implemented, the order of production and life is expected to be restored faster, and the endogenous driving force for economic growth will continue to accumulate and strengthen. China's economic goals in 2023 will improve as a whole." Kang Yi Say.

　　Zong Liang, chief researcher of the Bank of China, believes that China has relatively properly solved the problem of coordination between economic growth and epidemic prevention and control, laying the foundation for economic growth in 2023. period of rapid development.

　　Wen Bin believes that looking forward to 2023, after the continuous optimization of epidemic prevention and control and the return to normal economic and social operations, the economy will usher in a stage of restorative growth and gradually return to its potential growth rate.

With the continuous release of policy effects, the annual growth rate is expected to reach about 5.5%.

　　Zhao Ping, deputy director of the Research Institute of the China Council for the Promotion of International Trade, said that in the context of slowing global economic growth, China's economic growth is expected to accelerate significantly in 2023.

When many international organizations predict global economic growth, they are generally very optimistic about China.

　　Recently, international organizations have significantly raised their forecasts for China's economic growth. Goldman Sachs raised its forecast for China's economic growth in 2023 from 4.5% to 5.2%. It believes that the consumption sector is expected to become a bright spot in China's economic growth in 2023.

Morgan Stanley forecasts that China's economy will grow by 5.4% in 2023.

　　The International Monetary Fund said that the world will face a "harder" year in 2023 than the past 12 months, mainly due to the simultaneous slowdown in economic activities in major developed economies such as Europe and the United States.

However, China's economy will grow steadily and become the biggest positive factor for the world economy.

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