New York News
The Chinese government work report submitted to the fifth session of the 13th National People’s Congress on March 5 proposed development goals for 2022 including 5.5% GDP growth.
The main expected development goals for this year are:
- GDP growth of about 5.5%;
- More than 11 million new jobs in cities and towns and the urban survey unemployment rate within 5.5% throughout the year;
- Consumer prices rise by about 3%
China GDP Grew 8.1% in 2021; Q4 slowed to 4%
According to the preliminary estimates, China gross domestic product (GDP) in 2021 reached 114,367 billion yuan in 2021, an increase of 8.1 percent over the previous year at constant prices with an average two-year growth of 5.1 percent.
- Q1 GDP up by 18.3 percent year on year
- Q2 7.9 percent
- Q3 4.9 percent
- Q4 4.0 percent
By industries, the value-added of the primary industry was 8,308.6 billion yuan, up by 7.1 percent over the previous year, that of the secondary industry was 45,090.4 billion yuan, up by 8.2 percent and that of the tertiary industry was 60,968.0 billion yuan, up by 8.2 percent.
The total output of grain in 2021 was 682.85 million tons, an increase of 13.36 million tons, or up by 2.0 percent over the previous year. Of this total, the output of summer grain was 145.96 million tons, up by 2.2 percent, and that of early rice was 28.02 million tons, up by 2.7 percent. The output of autumn grain reached 508.88 million tons, up by 1.9 percent.
The total value added of industrial enterprises abo