China's development in 2012; targets for 2013

Source:Xinhua Published: 2013-3-5 12:11:22

China's National Development and Reform Commission (NDRC) on Tuesday submitted a report on the implementation of the country's 2012 national economic and social development plan and on the 2013 draft development plan to the National People's Congress (NPC) for national lawmakers to deliberate.

Following are some facts and figures from the report:


-- Gross domestic product (GDP) amounted to 51.9322 trillion yuan, an increase of 7.8 percent, and 0.3 percentage points higher than the targeted figure.

-- National revenue totaled 11.721 trillion yuan, an increase of 12.8 percent, and the fiscal deficit was 800 billion yuan.

-- Retail sales of consumer goods totaled 21.0307 trillion yuan, an increase of 14.3 percent, and 0.3 percentage points higher than the target.

-- Total fixed-asset investment amounted to 37.4676 trillion yuan, up 20.3 percent, and 4.3 percentage points higher than the target.

-- Total grain output increased for the ninth consecutive year and amounted to 589.6 billion kilograms, up 3.2 percent.

-- Energy consumption per unit of GDP met the planned target by dropping 3.6 percent, 1.59 percentage points more than the previous year.

-- Total trade volume grew 6.2 percent. Exports grew 7.9 percent, and imports grew 4.3 percent, resulting in a trade surplus of 231.1 billion US dollars.

-- An additional 12.66 million urban jobs were created, 3.66 million more than the targeted amount.


-- GDP will grow by around 7.5 percent.

-- CPI will rise by about 3.5 percent.

-- More than 9 million new urban jobs will be created, and the registered urban unemployment rate will be kept at or under 4.6 percent.

-- Total foreign trade volume increases by around 8 percent, lower than last year's target, yet higher than last year's real growth.

-- Fiscal deficit projected to be 1.2 trillion yuan, an increase of 400 billion yuan over last year, and the deficit as a percentage of GDP will be about 2 percent.

-- Total retail sales of consumer goods to grow by 14.5 percent.

-- Total fixed-asset investment to grow by 18 percent, and 437.6 billion yuan for investment will be allocated from the central budget.

-- Sown area for grain to exceed 106.7 million hectares, and total grain output to surpass 500 million tons.

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