China's economic and social development in 2014

Source:Xinhua Published: 2015-2-26 17:44:05

China's National Bureau of Statistics (NBS) on Thursday released a report on the country's economic and social development in 2014.

NBS deputy chief Xie Hongguang said the report highlighted steady economic growth, ongoing optimization of the country's economic structure, elevation of growth quality, and quality of life progress.

Following are some important figures on China's social and economic development in 2014:

-- Total population stood at 1.368 billion at the end of 2014, 7.1 million more than that in 2013.

-- Urban population was 749.16 million, accounting for 54.77 percent of the total.

-- China's gross domestic product (GDP) expanded 7.4 percent year on year to 63.65 trillion yuan (10.37 trillion US dollars).

-- The consumer price index (CPI), the main gauge of inflation, rose 2 percent year on year, below the government's target of 3.5 percent.

-- By the end of the year, 69 cities in a statistical pool of 70 major cities tracked by the NBS saw home prices rise month on month in the first half year, while the number decreased gradually to two cities in December.

-- By the end of the year, 772.53 million people were employed, including 393.1 million people employed in cities.

-- A total of 13.22 million new jobs were created in cities. The registered urban unemployment rate was 4.9 percent.

-- The number of rural migrant workers had increased 1.9 percent to 273.95 million by the end of last year, accounting for 20 percent of the population.

-- China's foreign reserves totaled 3.84 trillion US dollars by the end of the year, marking a year-on-year increase of 21.7 billion US dollars.

-- The yuan strengthened 0.8 percent year on year to 6.1428 against the US dollar by the year's end.

-- China's fiscal revenues grew 8.6 percent year on year to 14.035 trillion yuan. Tax revenues contributed 11.92 trillion yuan, an increase of 7.8 percent year on year.

-- China's grain output rose 0.9 percent from a year earlier to 607.1 million tonnes, marking the 11th consecutive year of growth.

-- Grain crop areas in China totaled 112.74 million hectares, increasing 780,000 hectares from a year earlier.

-- Industrial value-added output rose 7.0 percent from a year earlier to 22.8 trillion yuan.

-- Fixed asset investment rose 15.3 percent year on year to 51.28 trillion yuan.

-- Investment in real estate development hit 9.5 trillion yuan, up 10.5 percent year on year.

-- Retail sales of consumer goods rose 12 percent to 26.24 trillion yuan. Sales in urban areas grew 11.8 percent, while the figure for rural areas surged 12.9 percent.

-- Online sales of consumer goods soared 49.7 percent to 2.79 trillion yuan from the previous year.

-- Total foreign trade volume rose 2.3 percent year on year to 26.43 trillion yuan. Trade surplus stood at 2.35 billion yuan, up 739.5 billion yuan from a year earlier.

-- Foreign direct investment into China climbed 1.7 percent to 119.6 billion US dollars.

-- China's broad money supply (M2), which covers cash in circulation and all deposits, increased 12.2 percent from a year earlier to 122.8 trillion yuan.

-- The narrow measure of money supply (M1), which covers cash in circulation plus that in current corporate deposits, climbed 3.2 percent to 34.8 trillion yuan.

-- Urban residents' per capita disposable income expanded 9 percent year on year to 28,844 yuan.

-- Per capita net income of rural residents rose 11.2 percent to 10,489 yuan.

-- Research and development expenditure increased 12.4 percent year on year to 1.33 trillion yuan, accounting for 2.09 percent of the GDP.

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