Business / Macro

China's economic development in 2013

(Xinhua) Updated: 2014-01-26 14:26

BEIJING - Chinese government departments this week released a raft of economic figures for 2013, highlighting achievements in economic work and pointing to a stabilization in the country's growth.

The following are some important data released by authorities including the National Bureau of Statistics, Ministry of Finance, Ministry of Commerce and Ministry of Human Resources and Social Security.

China's economic development in 2013

-- Gross domestic product (GDP) expanded 7.7 percent year-on-year to 56.88 trillion yuan ($9.32 trillion), the same pace as a year ago and slightly higher than the government target of 7.5 percent.

-- Consumer price index (CPI), a main gauge of inflation, rose 2.6 percent year-on-year, below the government's target of 3.5 percent.

-- Foreign trade rose 7.6 percent year-on-year to $4.16 trillion. The trade surplus climbed 12.8 percent to $259.75 billion.

-- Fiscal revenue grew 10.1 percent to 12.91 trillion yuan, slower than the 12.8 percent in 2012.

-- Grain output rose 2.1 percent from a year earlier to 601.94 million tons, marking the tenth consecutive year of growth.

-- Foreign direct investment in China rose 5.25 percent to $117.59 billion.

-- In real terms, industrial value-added output rose 9.7 percent, fixed-asset investment rose 19.2 percent to 43.65 trillion yuan, while retail sales of consumer goods rose 11.5 percent to 23.44 trillion yuan.

-- Narrow money supply (M1), which covers cash in circulation plus that in current corporate deposits, rose 9.3 percent to 33.73 trillion yuan.

-- China's broad money supply (M2), which covers cash in circulation and all deposits, increased 13.6 percent from a year earlier to 110.65 trillion yuan by the end of last year.

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