Changing face of China in the past 5 years


China, in the midst of implementing tough economic and financial reforms to rejuvenate its beleaguered economy, posted its slowest growth in a quarter century, official data showed. Following are some facts and figures about how the country has changed economically from 2010 to 2015, according to Xinhua.

— From 2010 to 2015, the gross domestic product (GDP) in China rose from 40.9 trillion yuan to 67.67 trillion yuan ($10.32 trillion).

— Population grew from 1.34 billion to 1.37 billion in the five years. Permanent urban residents reached 771.16 million in 2015, accounting for 56.1 percent of the total population, up from 49.9 percent in 2010.

— Retail sales of consumer goods grew from 15.7 trillion yuan in 2010 to 30.1 trillion yuan in 2015.

— Consumption accounted for 66.4 percent of GDP growth in 2015, while the percentage stood at 46.3 in 2010.

— Fixed-asset investment rose to 55.16 trillion yuan in 2015 from 25.17 trillion yuan in 2010.

— Total volume of foreign trade rose from $2.97 trillion in 2010 to $3.96 trillion in 2015.

— Foreign direct investment (FDI) into the Chinese mainland rose from $108.82 billion in 2010 to $126.27 billion in 2015.

— In terms of investment overseas, China’s non-financial outbound direct investment (ODI) recorded an all-time high of $118 billion in 2015 while the number was only $59 billion five years ago.

— The service sector accounted for 50.5 percent of GDP in 2015, the first time it surpassed 50 percent. The ratio was only 44.2 percent in 2010.

— In terms of the agricultural sector, total grain output increased 2.4 percent year on year to 621 million tonnes in 2015, the 12th straight year of growth. In 2010, the number stood at 546.4 million tonnes.

— Urban per capita disposable income reached 31,195 yuan in 2015 while the number stood at 19,109.4 yuan by 2010 calculation. The rural per capita disposable income was 11,422 yuan in 2015 while the rural per capital net income was 5,919 under the calculation in 2010.

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