China's 2014 economic figures

GMT 11:53 2015 Tuesday ,20 January

Arab Today, arab today China's 2014 economic figures

Beijing - XINHUA

The National Bureau of Statistics unveiled a raft of economic figures for 2014 on Tuesday, highlighting the country's shift in economic structure.
Here are some key numbers available to better understand China's development last year:
-- Gross domestic product (GDP) expanded 7.4 percent year on year to 63.65 trillion yuan (10.4 trillion U.S. dollars), the slowest pace since 1990.
-- Consumer price index, a main gauge of inflation, rose 2 percent, below the government's target of 3.5 percent.
-- Foreign trade rose 2.3 percent to 26.43 trillion yuan, with export up 4.9 percent and import down 0.6 percent.
-- Grain output rose 0.9 percent to 607.1 million tonnes, marking the 11th consecutive year of growth.
-- In real terms, industrial value-added output rose 8.3 percent, fixed-asset investment rose 15.1 percent, while retail sales of consumer goods rose 10.9 percent.
-- Narrow money supply (M1), which covers cash in circulation plus that in current corporate deposits, rose 3.2 percent to 34.81 trillion yuan.
-- China's broad money supply (M2), which covers cash in circulation and all deposits, increased 12.2 percent to 122.84 trillion yuan by the end of last year.
-- Population on the Chinese mainland stood at 1.37 billion people by the end of 2014, up 0.52 percent.


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