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China’s economy 12.3% of world total in 2013
September 29, 2014, 5:16 am

An investor cools off with a fan at a private securities company in Shanghai, China [AP]

An investor cools off with a fan at a private securities company in Shanghai, China [AP]

The Chinese economy comprised about 12.3 per cent of the world total in 2013, according to the National Bureau of Statistics (NBS) on Sunday.

China’s GDP was 56.9 trillion yuan ($9.32 trillion) in 2013. GDP per capita was 41,908 yuan. These indicate remarkable progresses from 1952, when GDP was 67.9 billion yuan and GDP per capita was 119 yuan.

From 1953 to 2013, China’s GDP increased 122 times at comparable prices, with annual average growth of 8.2 per cent.

The service sector has been growing remarkably. In 1952, agriculture took about 51 per cent of the total economy, followed by the service sector with about 28 per cent and industry at 21 per cent.

In 1978, the industrial sector had grown to 48 per cent, followed by agriculture with about 28 per cent and services on 24 per cent.

In 2013, the service sector took the largest share for the first time, accounting for about 46 per cent.

 

Source: Agencies

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