Figure out: How should one look at the Chinese economy? Check the numbers-Xinhua

Figure out: How should one look at the Chinese economy? Check the numbers

Source: Xinhua

Editor: huaxia

2024-01-18 16:44:15

China's gross domestic product (GDP) posted a growth of 5.2 percent year on year in 2023, beating the whole-year target of around 5 percent, data from the National Bureau of Statistics showed Wednesday.

The country's manufacturing industry, contributing about 30 percent of the global total, has maintained the top global position for 14 consecutive years.

Additionally, about 30 percent of the world's annual capital formation is attributed to China. The nation's substantial data output and rich data resources position it as the world's second-largest data repository.

With around 400,000 high-tech enterprises, it ranks second globally in the number of unicorn companies.

China currently has over 400 million individuals in the middle-income bracket, a number projected to double in the next decade or so.

Produced by Xinhua Global Service

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