China's GDP tops 100 trillion yuan for the first time, economic strength embarks on a huge new step
China's GDP topped 100 trillion yuan ($15.4 trillion) for the first time in 2020, marking a milestone that demonstrates China's economic, technology strength and the country's comprehensive national power has embarked on a huge new step, Chinese officials said.
China's GDP grew 2.3 percent to 101.6 trillion yuan in 2020, meaning it is expected to be the only major economy in the world to have positive growth, according to data released by the National Bureau of Statistics (NBS) on Monday. It also marked the first time that the country's economic volume stepped into a new era to exceeding 100 trillion yuan.
This economic output has a "very important symbolic meaning" for China as it completes its task of building a moderately prosperous society in all aspects — a goal laid out in its 13th Five-Year Plan (2016-20) — and leads into the new journey in 2021 which involves building a great modern socialist country in an all-round way, Ning Jizhe, head of NBS, said at a press briefing on Monday in Beijing.
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