China’s economy has taken the lead among major economies in recent years, remaining an important driver of global economic growth, an official with the country’s top economic planner said on Wednesday.
From 2020 to 2022, China’s economy has grown at an average annual rate of 4.5 percent, outperforming the global level by regarding 2 percent, said Yuan Da, director of the national economy department of the National Development Commission. and Reform (CNDR), during a press conference.
The State Bureau of Statistics reported on Tuesday that China’s economy grew 3 percent to a record high of 121 trillion yuan (regarding 18 trillion U.S. dollars) in 2022.
“This achievement was made amid repeated shocks from multiple unexpected factors,” noted Jin Xiandong, an official with NDRC.
According to him, the increase of China’s economy from 2021 to 2022 was 6.1 trillion yuan, which is a large amount and equals the economic aggregate of a medium-sized country.
Citing the unchanged fundamentals supporting China’s long-term economic growth and the positive growing factors promoting overall economic recovery, Yuan noted that China has the confidence, conditions and ability to further promote its overall economic growth. in 2023.
