/ world today news/ According to the economic data for 2022 presented yesterday by the National Bureau of Statistics of China, last year the country’s GDP reached 121.0207 trillion yuan. If it is calculated on the basis of constant prices, it follows that it has increased by 3% on an annual basis. China’s economic power once again soared to exceed 120 trillion yuan, reaching 1 trillion in 2020 and 110 trillion yuan in 2021.
Overall, in 2022, China’s economy is developing sustainably. Employment and commodity prices remained stable. New urban job creation reached 12.96 million, beating the target of 11 million. Consumer goods prices rose just 2% year-on-year amid inflation in major economies around the world. Investments in long-term assets also grew steadily, with growth in infrastructure and industry exceeding 9%. This is an indicator that the Chinese economy is characterized by sustainability, great potential for development and vitality.
China is striving for high-quality economic development. The growth of added value in high-tech manufacturing is faster than in other industrial sectors. The increase in investment there is also faster than in other areas. Retail sales on e-commerce platforms accounted for 27.2% of the total, up 2.7% year-on-year. The digital economy makes people’s lives easier, and innovation helps build a new framework for development.
Currently, domestic flights in China have recovered to 80% of those in 2019. The Chinese economy is gaining new strength with the implementation of the optimized anti-epidemic measures.
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