Annual GDP growth nearly 8 percent during the Twelfth Five-year Plan period
According to a report issued by the National Bureau of Statistics on Oct. 13, during the Twelfth Five-year Plan (2011-2015), China's annual GDP growth is expected to be nearly 8 percent, which not only is 2.5 percent higher than the annual global GDP growth of the same period, but also is ranked top among the major economies in the world.
From 2011 to 2014, China's annual GDP growth was 8 percent, which has transformed from high-speed growth to high-middle speed growth. In 2014 China's economic aggregate was 63.6 trillion yuan or 10.4 trillion USD, ranking second in the world and accounting for 13.3 percent of the world's total.
During the Twelfth Five-year Plan period, China's economic restructuring have taken new steps. The tertiary industry has become the biggest industry. In 2012 the current price added value of China's tertiary industry accounted for 45.5 percent of the GDP, which meant that the tertiary industry had surpassed the first industry and become the largest industry. In 2014 the proportion of the tertiary industry accounted for 48.1 percent of the total GDP. And in the first half of 2015 the figure rose to 49.5 percent.
With the steady progress of urbanization at the end of 2011, China's urban population for the first time exceeded their rural population. From 2011 to 2014 the urban population annually increased nearly 20 million, which has brought tremendous investment and consumption demand. During the Twelfth Five-year Plan period the economic operation quality and the sustainable development capacity of China continues to rise.
According to the report, clean energy consumption, such as hydro power, wind power, nuclear power and natural gas accounted for 16.9 percent of the total energy consumed in 2014, which was 3.5 percent higher than that of 2010.
During the Twelfth Five-year Plan period, China's economic restructuring have taken new steps. The tertiary industry has become the biggest industry. In 2012 the current price added value of China's tertiary industry accounted for 45.5 percent of the GDP, which meant that the tertiary industry had surpassed the first industry and become the largest industry. In 2014 the proportion of the tertiary industry accounted for 48.1 percent of the total GDP. And in the first half of 2015 the figure rose to 49.5 percent.
With the steady progress of urbanization at the end of 2011, China's urban population for the first time exceeded their rural population. From 2011 to 2014 the urban population annually increased nearly 20 million, which has brought tremendous investment and consumption demand. During the Twelfth Five-year Plan period the economic operation quality and the sustainable development capacity of China continues to rise.
According to the report, clean energy consumption, such as hydro power, wind power, nuclear power and natural gas accounted for 16.9 percent of the total energy consumed in 2014, which was 3.5 percent higher than that of 2010.
