In 2021, China’s GDP increased by 8.1% year-on-year, breaking the 110 trillion yuan mark

*** We will fully implement the task of “six guarantees”, strengthen cross cyclical adjustment of macro policies, increase support for the real economy, continue to restore development of the national economy, deepen reform, opening up and innovation, effectively ensure people’s livelihood, take new steps in building a new development pattern, achieve new results in high-quality development, and achieve a good start to the 14th five year plan.

According to preliminary accounting, the annual GDP was 114367 billion yuan, an increase of 8.1% over the previous year at constant prices and an average increase of 5.1% in the two years. In terms of quarters, it increased by 18.3% year-on-year in the first quarter, 7.9% in the second quarter, 4.9% in the third quarter and 4.0% in the fourth quarter. By industry, the added value of the primary industry was 83086.6 billion yuan, an increase of 7.1% over the previous year; The added value of the secondary industry was 450.904 billion yuan, an increase of 8.2%; The added value of the tertiary industry was 60968 billion yuan, an increase of 8.2%.

1.Grain output reached a new high and animal husbandry production increased steadily

The total grain output of the whole country was 68.285 million tons, an increase of 13.36 million tons or 2.0% over the previous year. Among them, the output of summer grain was 145.96 million tons, an increase of 2.2%; The output of early rice was 28.02 million tons, an increase of 2.7%; The output of autumn grain was 508.88 million tons, an increase of 1.9%. In terms of varieties, the output of rice was 212.84 million tons, an increase of 0.5%; Wheat output was 136.95 million tons, an increase of 2.0%; Corn output was 272.55 million tons, an increase of 4.6%; Soybean output was 16.4 million tons, down 16.4%. The annual output of pig, cattle, sheep and poultry meat was 88.87 million tons, an increase of 16.3% over the previous year; Among them, the output of pork was 52.96 million tons, an increase of 28.8%; Beef output was 6.98 million tons, an increase of 3.7%; The output of mutton was 5.14 million tons, an increase of 4.4%; The output of poultry meat was 23.8 million tons, an increase of 0.8%. Milk output was 36.83 million tons, an increase of 7.1%; The output of poultry eggs was 34.09 million tons, down 1.7%. At the end of 2021, the number of live pigs and fertile sows increased by 10.5% and 4.0% respectively over the end of the previous year

2.Industrial production continued to develop, and high-tech manufacturing and equipment manufacturing grew rapidly

In the whole year, the added value of industries above designated size increased by 9.6% over the previous year, with an average growth of 6.1% in the two years. In terms of three categories, the added value of mining industry increased by 5.3%, manufacturing industry increased by 9.8%, and power, heat, gas and water production and supply industry increased by 11.4%. The added value of high-tech manufacturing and equipment manufacturing increased by 18.2% and 12.9% respectively, 8.6 and 3.3 percentage points faster than that of industries above designated size. By product, the output of new energy vehicles, industrial robots, integrated circuits and microcomputer equipment increased by 145.6%, 44.9%, 33.3% and 22.3% respectively. In terms of economic types, the added value of state-owned holding enterprises increased by 8.0%; The number of joint-stock enterprises increased by 9.8%, and the number of foreign-invested enterprises and enterprises invested by Hong Kong, Macao and Taiwan increased by 8.9%; Private enterprises increased by 10.2%. In December, the added value of industries above designated size increased by 4.3% year-on-year and 0.42% month on month. The manufacturing purchasing managers’ index was 50.3%, up 0.2 percentage points from the previous month. In 2021, the utilization rate of national industrial capacity was 77.5%, an increase of 3.0 percentage points over the previous year.

From January to November, industrial enterprises above Designated Size achieved a total profit of 7975 billion yuan, a year-on-year increase of 38.0% and an average increase of 18.9% in the two years. The profit margin of operating income of Industrial Enterprises above designated size was 6.98%, an increase of 0.9 percentage points year-on-year.

3.The service industry continued to recover, and the modern service industry grew well

The tertiary industry grew rapidly throughout the year. By industry, the added value of information transmission, software and information technology services, accommodation and catering, transportation, warehousing and postal services increased by 17.2%, 14.5% and 12.1% respectively over the previous year, maintaining a restorative growth. In the whole year, the national service industry production index increased by 13.1% over the previous year, with an average growth of 6.0% in the two years. In December, the service industry production index increased by 3.0% year-on-year. From January to November, the operating revenue of service enterprises above designated size increased by 20.7% year-on-year, with an average increase of 10.8% in the two years. In December, the business activity index of the service industry was 52.0%, an increase of 0.9 percentage points over the previous month. Among them, the business activity index of telecommunications, radio and television and satellite transmission services, monetary and financial services, capital market services and other industries remained in a high boom range of more than 60.0%.

4.The scale of market sales expanded, and the sales of basic living and upgrading commodities increased rapidly

The total retail sales of social consumer goods in the whole year was 44082.3 billion yuan, an increase of 12.5% over the previous year; The average growth rate in the two years was 3.9%. According to the location of business units, the retail sales of urban consumer goods reached 38155.8 billion yuan, an increase of 12.5%; The retail sales of rural consumer goods reached 5926.5 billion yuan, an increase of 12.1%. By type of consumption, retail sales of goods reached 39392.8 billion yuan, an increase of 11.8%; Catering revenue was 4689.5 billion yuan, an increase of 18.6%. The growth of basic living consumption was good, and the retail sales of beverage, grain, oil and food commodities of units above the quota increased by 20.4% and 10.8% respectively over the previous year. The upgrading consumer demand continued to release, and the retail sales of gold, silver, jewelry and cultural office supplies of units above the quota increased by 29.8% and 18.8% respectively. In December, the total retail sales of social consumer goods increased by 1.7% year-on-year and decreased by 0.18% month on month. In the whole year, the national online retail sales reached 13088.4 billion yuan, an increase of 14.1% over the previous year. Among them, the online retail sales of physical goods were 10804.2 billion yuan, an increase of 12.0%, accounting for 24.5% of the total retail sales of social consumer goods.

5.Investment in fixed assets maintained growth, and investment in manufacturing and high-tech industries increased well

In the whole year, the national fixed asset investment (excluding farmers) was 54454.7 billion yuan, an increase of 4.9% over the previous year; The average growth rate in the two years was 3.9%. By area, infrastructure investment increased by 0.4%, manufacturing investment increased by 13.5%, and real estate development investment increased by 4.4%. The sales area of commercial housing in China was 1794.33 million square meters, an increase of 1.9%; The sales volume of commercial housing was 18193 billion yuan, an increase of 4.8%. By industry, the investment in the primary industry increased by 9.1%, the investment in the secondary industry increased by 11.3%, and the investment in the tertiary industry increased by 2.1%. Private investment was 30765.9 billion yuan, an increase of 7.0%, accounting for 56.5% of the total investment. Investment in high-tech industries increased by 17.1%, 12.2 percentage points faster than the total investment. Among them, investment in high-tech manufacturing and high-tech services increased by 22.2% and 7.9% respectively. In the high-tech manufacturing industry, the investment in electronic and communication equipment manufacturing, computer and office equipment manufacturing increased by 25.8% and 21.1% respectively; In the high-tech service industry, the investment in e-commerce service industry and scientific and technological achievement transformation service industry increased by 60.3% and 16.0% respectively. Investment in the social sector increased by 10.7% over the previous year, of which investment in health and education increased by 24.5% and 11.7% respectively. In December, fixed asset investment increased by 0.22% month on month.

6.The import and export of goods grew rapidly and the trade structure continued to be optimized

The total import and export volume of goods in the whole year was 39100.9 billion yuan, an increase of 21.4% over the previous year. Among them, the export was 21734.8 billion yuan, an increase of 21.2%; Imports totaled 17366.1 billion yuan, an increase of 21.5%. Imports and exports offset each other, with a trade surplus of 4368.7 billion yuan. The import and export of general trade increased by 24.7%, accounting for 61.6% of the total import and export, an increase of 1.6 percentage points over the previous year. The import and export of private enterprises increased by 26.7%, accounting for 48.6% of the total import and export, an increase of 2 percentage points over the previous year. In December, the total import and export of goods was 3750.8 billion yuan, a year-on-year increase of 16.7%. Among them, the export was 2177.7 billion yuan, an increase of 17.3%; Imports reached 1.573 trillion yuan, an increase of 16.0%. Imports and exports offset each other, with a trade surplus of 604.7 billion yuan.

7.Consumer prices rose moderately, while industrial producer prices fell from a high level

The annual consumer price (CPI) rose by 0.9% over the previous year. Among them, urban rose by 1.0% and rural rose by 0.7%. By category, the prices of food, tobacco and alcohol decreased by 0.3%, clothing increased by 0.3%, housing increased by 0.8%, daily necessities and services increased by 0.4%, transportation and communication increased by 4.1%, education, culture and entertainment increased by 1.9%, medical care increased by 0.4%, and other supplies and services decreased by 1.3%. Among the prices of food, tobacco and alcohol, the price of grain increased by 1.1%, the price of fresh vegetables increased by 5.6%, and the price of pork decreased by 30.3%. Core CPI excluding food and energy prices rose 0.8%. In December, consumer prices rose by 1.5% year-on-year, down 0.8 percentage points from the previous month and down 0.3% month on month. In the whole year, the ex factory price of industrial producers increased by 8.1% over the previous year, increased by 10.3% year-on-year in December, decreased by 2.6 percentage points over the previous month, and decreased by 1.2% month on month. In the whole year, the purchase price of industrial producers increased by 11.0% over the previous year, increased by 14.2% year-on-year in December, and decreased by 1.3% month on month.

8.The employment situation was generally stable, and the unemployment rate in cities and towns decreased

Throughout the year, 12.69 million new urban jobs were created, an increase of 830000 over the previous year. The average unemployment rate in the national urban survey was 5.1%, down 0.5 percentage points from the average value of the previous year. In December, the national urban unemployment rate was 5.1%, down 0.1 percentage points from the same period last year. Among them, the registered residence population is 5.1%, and the registered residence population is 4.9%. 14.3% of the population aged 16-24 and 4.4% of the population aged 25-59. In December, the unemployment rate in 31 major cities and towns was 5.1%. The average weekly working hours of enterprise employees in China are 47.8 hours. The total number of migrant workers in the whole year was 292.51 million, an increase of 6.91 million or 2.4% over the previous year. Among them, 120.79 million local migrant workers, an increase of 4.1%; There were 171.72 million migrant workers, an increase of 1.3%. The average monthly income of migrant workers was 4432 yuan, an increase of 8.8% over the previous year.

9.The growth of residents’ income basically kept pace with economic growth, and the per capita income ratio of urban and rural residents narrowed

Throughout the year, the per capita disposable income of residents in China was 35128 yuan, a nominal increase of 9.1% over the previous year and an average nominal increase of 6.9% in the two years; Excluding price factors, the real growth was 8.1%, with an average growth of 5.1% over the two years, basically in line with economic growth. By permanent residence, the per capita disposable income of urban residents was 47412 yuan, a nominal increase of 8.2% over the previous year, and a real increase of 7.1% after deducting price factors; Rural residents were 18931 yuan, a nominal increase of 10.5% over the previous year, and a real increase of 9.7% after deducting price factors. The ratio of per capita disposable income of urban and rural residents was 2.50, a decrease of 0.06 over the previous year. The median per capita disposable income of residents in China was 29975 yuan, an increase of 8.8% in nominal terms over the previous year. According to the five equal income groups of national residents, the per capita disposable income of the low-income group is 8333 yuan, the lower middle income group is 18446 yuan, the middle income group is 29053 yuan, the upper middle income group is 44949 yuan, and the high-income group is 85836 yuan. In the whole year, the per capita consumption expenditure of residents in China was 24100 yuan, a nominal increase of 13.6% over the previous year and an average nominal increase of 5.7% in the two years; Excluding price factors, the real growth was 12.6%, with an average growth of 4.0% in the two years.

10.The total population has increased, and the urbanization rate continues to increase

At the end of the year, the national population (including the population of 31 provinces, autonomous regions and municipalities directly under the central government and active servicemen, excluding Hong Kong, Macao and Taiwan residents and foreigners living in 31 provinces, autonomous regions and municipalities directly under the central government) was 1412.6 million, an increase of 480000 over the end of the previous year. The annual birth population was 10.62 million, and the birth rate was 7.52 ‰; The dead population is 10.14 million, and the population mortality rate is 7.18 ‰; The natural population growth rate is 0.34 ‰. In terms of gender composition, the male population is 723.11 million and the female population is 689.49 million. The gender ratio of the total population is 104.88 (100 for women). In terms of age composition, the working age population aged 16-59 is 88.22 million, accounting for 62.5% of the national population; There are 267.36 million people aged 60 and above, accounting for 18.9% of the national population, including 200.56 million people aged 65 and above, accounting for 14.2% of the national population. In terms of urban and rural composition, the urban permanent resident population was 914.25 million, an increase of 12.05 million over the end of the previous year; The rural resident population was 498.35 million, a decrease of 11.57 million; The proportion of urban population in the national population (urbanization rate) was 64.72%, an increase of 0.83 percentage points over the end of last year. The population separated from households (i.e. the population whose residence and registered residence are not in the same Township street and who have left the registered residence for more than half a year) was 504.29 million, an increase of 11.53 million over the previous year; Among them, the floating population was 384.67 million, an increase of 8.85 million over the previous year.

Overall, China’s economy will continue to recover steadily in 2021, economic development and epidemic prevention and control will remain a global leader, and the main indicators will achieve the expected goals. At the same time, we should also see that the external environment is becoming more complex, severe and uncertain, and the domestic economy is facing triple pressures of shrinking demand, supply shock and weakening expectations. *** We will scientifically coordinate epidemic prevention and control and economic and social development, continue to do a good job in the “six stabilities” and “six guarantees”, strive to stabilize the macro-economic market, keep the economic operation within a reasonable range, maintain the overall social stability, and take practical actions to meet the victory of the 20th National Congress of the party.


Post time: Jan-18-2022