China’s 2021 GDP surpasses 114 trillion yuan

China’s 2021 GDP surpasses 114 trillion yuan

BEIJING, 28th February, 2022 (WAM)– China’s gross domestic product (GDP) exceeded 114 trillion yuan (about $18.

1 trillion) in 2021, registering an increase of 8.

1 percent over the previous year and an average growth of 5.

1 percent over the preceding two years, China’s National Bureau of Statistics (NBS) said in a release on Monday.

In 2021, consumption contributed 5.

3 percentage points to GDP growth, with investment making up 1.

1 percentage points and exports 1.

7 percentage points, according to the release.

The country’s total retail sales of consumer goods reached 44.

1 trillion yuan last year, up 12.

5 percent compared to the year before.