Global EditionASIA 中文雙語Fran?ais
    Opinion
    Home / Opinion / Opinion Line

    Trillion yuan club of cities gives country a big boost

    China Daily | Updated: 2021-01-29 07:15
    Share
    Share - WeChat
    FAW-Volkswagen employees work on an assembly line at the automaker's Tianjin plant. [Provided to China Daily]

    On Tuesday, Jiangsu province announced that in 2020 its gross domestic product reached 10.27 trillion yuan ($1.58 trillion), up 3.5 percent over the previous year, becoming the second province after Guangdong to have GDP of more than 10 trillion yuan.

    According to data released the same day, the GDP of Jinan, capital of Shandong province, exceeded 1 trillion yuan in 2020, making it the latest entrant to the "1 trillion yuan club", which has 22 other cities.

    This prosperous club is followed by cities with GDP higher than 500 billion yuan. What's noteworthy is that the impressive GDP growth was achieved even as the novel coronavirus raged around the world, bringing uncertainties to domestic and foreign markets.

    In 2020, China's GDP exceeded 100 trillion yuan for the first time. That, together with the GDP of Guangdong and Jiangsu provinces crossing 10 trillion yuan and that of 23 cities exceeding 1 trillion yuan, shows China is emerging as a big economic power.

    Several global institutions had earlier predicted that China would be the only major economy to register positive growth in 2020, but China's full-year GDP growth of 2.3 percent still surprised analysts. China's impressive economic performance is linked to internal factors.

    First, China has made remarkable achievements in controlling the epidemic to a large extent, demonstrating its strong capability to mobilize resources. Second, China's targeted monetary and fiscal policies have not only solved the problem of insufficient market liquidity, but also reduced the financial burden on market players, especially the problems of micro, small and medium-sized enterprises.

    In addition, because of its more open policy while attracting foreign investment, China's inbound foreign direct investment increased by 4 percent to $163 billion in 2020, making it the world's largest recipient of FDI. This demonstrates that global capital flows make their own rational choices. Having made remarkable achievements in fighting the epidemic, and with a good business environment and high level opening-up, it is inevitable that international capital should flow into China.

    In addition, the economic data in 2020 shows China's economic development is more balanced, and therefore stable, among regions. The International Monetary Fund has forecast China's economy will grow by 8.1 percent in 2021.

    But China should not just pursue high speed growth, it should also continue to focus on high-quality development.

    Most Viewed in 24 Hours
    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    最近免费字幕中文大全| 最近中文字幕完整版资源| 最近免费中文字幕大全免费 | 亚洲AV无码精品色午夜果冻不卡| 亚洲人成人无码网www国产| 亚洲国产精品无码成人片久久| 午夜不卡无码中文字幕影院| 88久久精品无码一区二区毛片| 日韩精品无码免费专区午夜 | 日韩欧美一区二区不卡中文| 成年无码av片在线| 最新国产精品无码| 最新版天堂中文在线| 精品久久人妻av中文字幕| 狠狠躁狠狠爱免费视频无码| 亚洲AV无码乱码国产麻豆穿越 | 亚洲av无码乱码国产精品| 中文字幕日韩欧美| 久久精品中文字幕一区| 中文字幕丰满伦子无码| 无码人妻一区二区三区在线水卜樱 | 无码囯产精品一区二区免费| 精品亚洲AV无码一区二区| 中文字幕日韩一区二区三区不卡| 下载天堂国产AV成人无码精品网站| 免费看又黄又无码的网站| 亚洲成AV人在线观看天堂无码| 久久精品aⅴ无码中文字字幕不卡 久久精品无码一区二区WWW | 最近免费中文字幕大全免费| 日本不卡中文字幕| 中文字幕乱码久久午夜| 亚洲欧美日韩、中文字幕不卡 | 熟妇人妻无码中文字幕| 亚洲伊人成无码综合网| 亚洲Av无码国产情品久久| 一本色道无码道在线| 精品亚洲成α人无码成α在线观看 | 久久精品无码专区免费东京热| 熟妇无码乱子成人精品| 无码专区—VA亚洲V天堂| 无码国内精品久久人妻|