China’s economy has taken the lead among major economies over recent years, remaining a significant engine fueling global economic growth, an official with the country’s top economic planner said.
Yuan Da, director of the Department of National Economy of the National Development and Reform Commission (NDRC), told a press conference on Wednesday.
According to him, from 2020 to 2022, China’s economy posted an annual average growth of 4.5 per cent, higher than the world level of around two per cent.
The National Bureau of Statistics on Tuesday reported that China’s economy grew three per cent to a record high of 121 trillion yuan (18 trillion U.S. dollars) in 2022.
“The achievement has been made amid repeated shocks of multiple unexpected factors,” said NDRC official Jin Xiandong.
Jin noted that the increment of China’s economy from 2021 to 2022 was 6.1 trillion yuan, which is a large amount and equals the economic aggregate of a medium-sized country.
Yuan also said China has the confidence, conditions, and ability to further promote its overall economic growth in 2023.
Receive Alerts On:
Facebook: METRODAILYNG Twitter: @METRODAILYNG
REACH THE RIGHT PEOPLE AT THE RIGHT TIME WITH METRO DAILY NIGERIA. TRY AND ADVERTISE ANY KIND OF YOUR BUSINESS TO USERS ONLINE TODAY. KINDLY CONTACT US FOR YOUR ADVERTS OR PUBLICATIONS @ METRODAILYNG@GMAIL.COM or 08077778839. OR VISIT US AT OUR OFFICE AT
PLOT 273 REINSURANCE BUILDING
HERBERT MACAULAY WAY
2ND FLOOR, C WING, CENTRAL BUSINESS DISTRICT (CBD)
ABUJA – FCT.