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Home > News > China's GDP topped 90 trillion yuan for the first time, and the fundamentals of its economy remain unchanged

China's GDP topped 90 trillion yuan for the first time, and the fundamentals of its economy remain unchanged

2019-01-23PV:1257

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    China's gross domestic product (GDP) surpassed the 90 trillion yuan mark for the first time in 2018, a 6.6 percent increase over 2017 and a target of around 6.5 percent, according to preliminary calculations, according to economic development data for the whole of 2018 released by the national bureau of statistics yesterday.By industry, the added value of the primary industry reached 6473.4 billion yuan, an increase of 3.5% over 2017.The added value of the secondary industry reached 3.66001 trillion yuan, up by 5.8%.The added value of the tertiary industry reached 4,6957.5 billion yuan, up 7.6 percent.


    Not only is the GDP figure in line with expectations, but the sense of gain brought by economic growth is further enhanced.On the one hand, per capita disposable income is rising.In 2018, the per capita disposable income of residents nationwide was 28,228 yuan, up 8.7 percent in nominal terms over the previous year, and 6.5 percent in real terms after adjusting for prices.The per capita disposable income of urban residents was 39,251 yuan, an increase of 7.8 percent.The per capita disposable income of rural residents reached 14,617 yuan, an increase of 8.8 percent, and in real terms, excluding price, it increased by 6.6 percent.