Ferro-alloys.com：China's GDP exceeded 100 trillion yuan for the first time
According to datas, the GDP in 2020 is 101,5986 billion yuan, which is 2.3% higher than the previous year at comparable prices. In quarterly terms, the first quarter was down 6.8% year-on-year, the second quarter was up 3.2%, the third quarter was up 4.9%, and the fourth quarter was up 6.5%. In terms of industries, the added value of the primary industry was 7775.4 billion yuan, an increase of 3.0% over the previous year; the added value of the secondary industry was 3,84255 billion yuan, an increase of 2.6%; the added value of the tertiary industry was 5,539.7 billion yuan, an increase of 2.1%.
The added value of industrial enterprises above designated size increased by 2.8% over the previous year. By economic type, the added value of state-owned holding enterprises grew by 2.2%. Share-holding enterprises grew by 3.0 percent, and those invested by foreign investors and Hong Kong, Macao and Taiwan by 2.4 percent. Private businesses grew by 3.7%. Divided into three categories, the value added of mining grew 0.5%, manufacturing 3.4% and electricity, heat, gas and water production and supply 2.0%. The added value of high-tech manufacturing and equipment manufacturing grew by 7.1% and 6.6% respectively over the previous year, 4.3 and 3.8 percentage points faster than that of industries above designated size. In terms of product output, industrial robots, new-energy vehicles, integrated circuits and microcomputer equipment increased by 19.1 percent, 17.3 percent, 16.2 percent and 12.7 percent, respectively. In the fourth quarter, the added value of industrial enterprises above designated size grew by 7.1% year on year, 1.3 percentage points faster than that in the third quarter. In December, industrial output above designated size grew 7.3 percent year on year, up 0.3 percentage points from the previous month, and up 1.10 percent from the previous month. By 2020, China's industrial capacity utilization rate will be 74.5 percent. In the fourth quarter, China's industrial capacity utilization rate was 78.0 percent, up 1.3 percentage points from the third quarter.
In the first 11 months of this year, the profits of industrial enterprises above designated size reached 5.744.5 trillion yuan, up 2.4 percent year-on-year, or 1.7 percentage points higher than that in the first 10 months of this year. In November, the profits of industrial enterprises above designated size increased by 15.5% year on year, maintaining double-digit growth for six consecutive months.
The national investment in fixed assets (excluding rural households) reached 5.18900.7 trillion yuan, an increase of 2.9 percent over the previous year. By sector, infrastructure investment increased 0.9 percent, manufacturing investment fell 2.2 percent, and real estate development investment rose 7.0 percent. China's commercial housing sales area reached 1.760.86 million square meters, up 2.6 percent. Sales of commercial housing totaled 17.361.3 trillion yuan, up 8.7%. The growth rate of investment in all three industries turned positive, with primary industry up 19.5 percent, secondary industry up 0.1 percent and tertiary industry up 3.6 percent. Non-governmental investment was 28,926.4 trillion yuan, up 1.0 percent. Investment in high-tech industries grew by 10.6 percent, 7.7 percentage points faster than the total investment, of which investment in high-tech manufacturing and high-tech services grew by 11.5 percent and 9.1 percent respectively. Among high-tech manufacturing industries, investment in pharmaceutical manufacturing and computer and office equipment manufacturing increased by 28.4 percent and 22.4 percent respectively. Among high-tech services, investment in e-commerce and information services grew by 20.2 percent and 15.2 percent, respectively. Investment in the social sector grew by 11.9 percent, 9.0 percentage points faster than total investment, of which investment in health and education grew by 29.9 percent and 12.3 percent, respectively. Fixed-asset investment rose 2.32 per cent month-on-month in December.
The per capita disposable income was 32,189 yuan, a nominal increase of 4.7 percent over the previous year or 2.1 percent in real terms after adjusting for inflation, basically keeping pace with economic growth. In terms of permanent residence, the per capita disposable income of urban residents was 43,834 yuan, up 3.5 percent in nominal terms or 1.2 percent in real terms after adjusting for inflation. The per capita disposable income of rural residents was 17,131 yuan, an increase of 6.9 percent in nominal terms or 3.8 percent in real terms. The per capita income ratio of urban and rural residents was 2.56, 0.08 lower than the previous year. The median per capita disposable income was 27,540 yuan, a nominal increase of 3.8 percent over the previous year. The per capita disposable income of the low-income group was 7,869 yuan, 16,443 yuan for the lower middle group, 26,249 yuan for the middle group, 41,172 yuan for the upper middle group, and 80,294 yuan for the high income group.
In general, the national economy will recover steadily by 2020, notable progress will be made in maintaining employment and ensuring people's wellbeing, decisive victory will be won in the decisive battle against poverty, the 13th Five-Year Plan will have come to a successful conclusion, and victory is in sight in building a moderately prosperous society in all respects.