National GDP Breaks 100 Trillion Yuan For The First Time, And Pharmaceutical Manufacturing Investment Growth Rate Reaches 28.4%

Jan 20, 2021

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The "13th Five-Year Plan" came to a successful conclusion. On January 18, the State Council Information Office held a press conference where Ning Jizhe, director of the National Bureau of Statistics, introduced the operation of the national economy in 2020. In 2020, my country's GDP will exceed 100 trillion yuan for the first time, and the annual growth rate will reach 2.3%. In accordance with the macro-control goal of "doing a solid job in the'six stability' work and fully implementing the'six guarantees' task" mentioned in the 2020 government work report, the current national new employment target has been achieved beyond expectations, and the consumption growth rate is close to normal in previous years The investment data of the three major industries have all turned positive.


Annual GDP exceeds 100 trillion yuan


According to statistics, in 2020, my country's GDP will reach 101.6 trillion yuan, surpassing 100 trillion for the first time in history. In the past 20 years, the total economic scale has expanded to 10 times. According to the current estimated annual average exchange rate, my country's GDP will reach about 14.7 trillion US dollars in 2020, ranking second in the world, and accounting for about 17% of the world economy. In 2020, the per capita GDP has exceeded US$10,000 for two consecutive years, making it one of the top middle-income countries, and the development gap with high-income countries continues to narrow.


In the past year, major scientific and technological achievements have continued to emerge. For example, the "Chang'e 5" successfully landed on the moon and returned samples, the "Tianwen 1" Mars probe was successfully launched, and the "Beidou 3" global satellite navigation system was officially opened. The economic strength has been significantly improved, and my country's industrial and agricultural production capacity is obvious. Enhanced. Among them, the total grain output hit a record high and continued to rank first in the world, the output of more than 220 industrial products ranked first in the world, and the added value of manufacturing is expected to rank first in the world for 11 consecutive years.


New jobs completed 131.8% of the annual target


From the beginning of 2020 to the present, as my country’s epidemic control is generally stable, policy assistance has continued to be effective, and employment pressure has been eased. The average urban surveyed unemployment rate in 2020 is 5.6%, which is lower than the expected target of around 6%. In December, the surveyed unemployment rate in 31 major cities and towns was 5.1%. At the end of 2020, the urban registered unemployment rate was 4.24%, which was lower than the expected target of around 5.5%.


From the perspective of new employment data, in 2020, 11.86 million new urban jobs will be created for the whole year, which is significantly higher than the expected target of more than 9 million people, achieving 131.8% of the annual target. Among them, in December, the nationwide urban survey unemployment rate was 5.2%, which was the same as the same period last year. The 25-59 year old population survey unemployment rate was 4.7%, the same as the same period last year.


Annual final consumption expenditure exceeds 55 trillion yuan


Data shows that in December, the total retail sales of consumer goods was 4,056.6 billion yuan, a year-on-year increase of 4.6%, and the growth rate was 0.4 percentage points lower than the previous month. Among them, the retail sales of consumer goods other than automobiles was 3.5695 trillion yuan, an increase of 4.4%.


"In the past year, the total retail sales of consumer goods continued to grow negatively throughout the year, but the data in the third and fourth quarters have turned positive, especially in the fourth quarter, the growth of total retail sales of consumer goods reached 4.6%. This rate has begun to approach the normal level of previous years. The growth rate of total social consumer retail sales fluctuated slightly in December, and it was indeed affected by the epidemic spreading in several places.” Ning Jizhe pointed out.


However, due to the sporadic recurrence of domestic epidemics, the trend of consumer differentiation has become increasingly obvious, which has accelerated the momentum of consumption upgrades. According to statistics, in 2020, the national online retail sales reached 11,760.1 billion yuan, an increase of 10.9% over the previous year, and the growth rate was 0.6 percentage points lower than that from January to November. Among them, the online retail sales of physical goods was 975.9 billion yuan, an increase of 14.8%, accounting for 24.9% of the total retail sales of consumer goods; among the online retail sales of physical goods, food, clothing and consumer goods increased by 30.6% and 5.8% respectively And 16.2%.


Source: Chemical Network

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