FACTBOX: China's economic development in 2013

Source:Xinhua Published: 2014-1-26 9:29:23

Chinese government departments this week released a raft of economic figures for 2013, highlighting achievements in economic work and pointing to a stabilization in the country's growth.

The following are some important data released by authorities including the National Bureau of Statistics, Ministry of Finance, Ministry of Commerce and Ministry of Human Resources and Social Security.

-- Gross domestic product (GDP) expanded 7.7 percent year on year to 56.88 trillion yuan (9.32 trillion US dollars), the same pace as a year ago and slightly higher than the government target of 7.5 percent.

-- Consumer price index (CPI), a main gauge of inflation, rose 2.6 percent year on year, below the government's target of 3.5 percent.

-- Foreign trade rose 7.6 percent year on year to 4.16 trillion US dollars. The trade surplus climbed 12.8 percent to 259.75 billion US dollars.

-- Fiscal revenue grew 10.1 percent to 12.91 trillion yuan, slower than the 12.8 percent in 2012.

-- Grain output rose 2.1 percent from a year earlier to 601.94 million tonnes, marking the tenth consecutive year of growth.

-- Foreign direct investment in China rose 5.25 percent to 117.59 billion US dollars.

-- In real terms, industrial value-added output rose 9.7 percent, fixed-asset investment rose 19.2 percent to 43.65 trillion yuan, while retail sales of consumer goods rose 11.5 percent to 23.44 trillion yuan.

-- Narrow money supply (M1), which covers cash in circulation plus that in current corporate deposits, rose 9.3 percent to 33.73 trillion yuan.

-- China's broad money supply (M2), which covers cash in circulation and all deposits, increased 13.6 percent from a year earlier to 110.65 trillion yuan by the end of last year.

-- The central parity rate of the yuan against the US dollar appreciated by 3.09 percent over the year to 6.0969 at the end of 2013.

-- Population on the Chinese mainland stood at 1.36 billion people by the end of the year, up 6.68 million year on year.

-- Urban population reached 731.11 million, accounting for 53.73 percent of the total population.

-- The number of rural migrant workers increased 2.4 percent to 268.94 million by the end of last year, accounting for 19.76 percent of the country's total population.

-- By the end of 2013, 769.77 million people were employed in China, including 382.4 million people employed in cities.

-- A total of 13.1 million new jobs were created in cities. The registered urban unemployment rate stood at 4.05 percent at the end of the year.

-- Per capita disposable income of urban residents expanded 7 percent in real terms to 26,955 yuan.

-- Per capita net income of rural residents rose 9.3 percent in real terms to 8,896 yuan.

-- The Gini coefficient, an index reflecting the rich-poor gap, lowered to 0.473 from 0.474 in 2012, showing slight narrowing of the income disparity.

Posted in: Economy

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