Top ten highlights of China's economic development

In 2016, the recovery of the world economy was still slow and uneven, international trade and investment were weak, and growth momentum was insufficient. Affected by the rise of trade protectionism, the intensification of the trend against economic globalization, and the political and economic difficulties in the euro zone, global productivity was reduced, innovation was blocked, and the world economy was still in a "low growth trap". In 2016, the world economic recovery was still slow and uneven, international trade and investment were weak, and the growth momentum was insufficient. Affected by the rise of trade protectionism, the intensification of the trend against economic globalization, the political and economic difficulties in the euro area, global productivity decreased, innovation was blocked, and the world economy was still in a low growth trap. Against the backdrop of the sluggish world economy, China's economy is in a unique position. 2016 is the first year of the decisive stage of building a moderately prosperous society in an all-round way in China, and it is also a crucial year to promote supply side structural reform. p>

1. Highlights of economic growth: achieve the goal of quadrupling GDP in advance

in 2016, China's economy operated smoothly, and the annual GDP growth rate is expected to be about 6.7%, which is consistent with the expected goal at the beginning of the year. This speed is in line with the basic characteristics of speed change, structural optimization and power transformation under the new normal of economic development, which has laid a solid foundation for China to move from the upper middle-income stage to the high-income stage, and provided a good macroeconomic environment and conditions for improving the quality of economic growth, promoting the optimization of economic structure, and promoting energy conservation and emission reduction. From the perspective of international comparison, China is still one of the countries with the highest economic growth rate in the world. The economic growth rate of about 6.7% is much higher than that of about 1.5% in the United States, about 0.6% in Japan and about 1.5% in the euro zone. It should be noted that China's total economic output has exceeded 100000. Richard bell, the development manager, said that for every 1 percentage point increase on this base, the GDP increment will exceed 100billion US dollars, equivalent to 1.8 percentage points of economic growth in 2010. In other words, the GDP increment brought by the current 6.5% growth rate is equivalent to the GDP increment brought by the growth rate of more than 10% in 2010. From this perspective, we can't help but say that China created a dazzling economic growth bright spot in the sluggish world economy in 2016

it is worth noting that China's GDP in 2016 was about 4.22 times that of 2000, and the goal of quadrupling the GDP by 2020 compared with the development of 3D printing materials for jet fusion 3D printers in 2000, proposed by the 16th CPC National Congress, was achieved four years in advance. This is the biggest highlight of China's economic development this year. It is estimated that China's per capita GDP will also reach more than four times that of 2000 in 2017, and the goal of quadrupling the per capita GDP of 2000 by 2020, as proposed by the 17th CPC National Congress, will be achieved three years in advance. This laid a good foundation for achieving the goal of doubling the GDP and per capita income of urban and rural residents by 2020 compared with 2010, which was put forward at the 18th CPC National Congress. It is equivalent to two insurances for building a moderately prosperous society in an all-round way

2. Highlights of structural upgrading: transition to the post industrial era

in 2016, China's economic structure was further optimized and became an obvious highlight. During the 12th Five Year Plan period, China's service industry has made great progress. By 2015, the added value of the service industry accounted for 50.5% of GDP, exceeding half for the first time. In the first three quarters of 2016, this proportion rose to 52.8%, and its contribution to economic growth increased from 54.1% in 2015 to 58.5%, the highest contribution rate of the service industry to economic growth since the founding of new China. China's economy is undergoing a major transformation from an era dominated by industry to an era dominated by service industry, that is, the post industrial era. China will soon have a high-quality, diversified and refined lifestyle service industry, and a productive service industry that is financial intensive, knowledge intensive, science and technology intensive, and human capital intensive, which is one of the important structural characteristics of a more developed economy. At the same time, China's industrial structure is also constantly optimized and upgraded, and the growth rate of high-tech industry and equipment manufacturing industry is significantly faster than that of general industry. In the first three quarters of 2016, the contribution rate of added value of high-tech manufacturing to industrial growth reached more than 20%. The added value, export volume and export added value of China's high-tech industry have exceeded that of the United States, ranking first in the world, indicating that China is rapidly upgrading to the largest country in high-tech manufacturing. The highlight of structural upgrading in 2016 is the major achievements made by the solid progress of supply side structural reform, which shows that China's old and new growth drivers are accelerating the transformation

3. Consumption highlights: the scale of the domestic market ranks second in the world.

consumption has become the biggest driving force of China's economic growth. After 2010, the proportion of China's final consumption expenditure in GDP continued to rise, rising to 52.4% in 2015. In the first three quarters of 2016, the proportion of final consumption expenditure in GDP further increased to about 55%, and its contribution to GDP growth increased rapidly from 66.4% in 2015 to 71%. In 2016, the scale of China's consumer goods market ranked second in the world, and the final consumption expenditure accounted for more than 8% of the world's total consumption, significantly narrowing the gap with the United States. The growth rate of the domestic consumer market is among the highest in the world. In the first three quarters of 2016, the nominal retail sales of goods in the whole society increased by 10.4% year-on-year, and the actual growth rate after deducting price factors was 9.8%, which is more than 3 percentage points higher than the economic growth rate. It can be said that consumption has become the ballast stone of China's economy, and the effect of stimulating economic growth is more significant, which also marks that the role of economic growth in improving the well-being of people's livelihood has been greatly enhanced. China's economic growth model has shifted from investment driven to consumption driven

4. Highlights of the new economy: the world's largest digital dividend

in 2016, China's new economy and new business forms developed rapidly. China has become the largest country of digital users in the world, which has created a huge digital dividend. First, economic growth dividends. The digital economy connects enterprises, significantly improving production efficiency, stimulating final consumption, and expanding the scope of trade. In the first three quarters of 2016, China's retail sales of goods increased by 25.1%, 14.7 percentage points higher than the growth rate of total retail sales of social consumer goods, which greatly promoted consumption in the domestic market. Just a double 11, the total transaction volume is as high as 180billion yuan. Consumers in 235 countries and regions around the world shop through China's e-commerce platforms. China's e-commerce radiates the world and is realizing global buying and national selling. Second, employment dividends. The digital economy connects people, effectively promotes entrepreneurship and self-employed business, and creates a large number of employment opportunities. Third, service dividends. The digital economy connects the government, and the rapid popularization of E-government has prompted the government to provide public information and public services with higher quality, more convenient and lower cost

5. Innovation highlights: the world's largest country authorized invention patents

in 2016, China's innovation driven development achieved remarkable results. Formulate the outline of the national innovation driven development strategy, clarify the direction of Technological Development in key areas, implement the interconnection + action plan and the national big data strategy, and deploy 15 national major science and technology projects and major projects in 2030 for scientific and technological innovation. Rely on innovation to create a new engine for development, cultivate new economic growth points, continue to improve the quality and efficiency of economic development, and promote the industry to move towards the medium and high-end level. A number of innovative achievements in scientific and technological fields such as supercomputing and quantum communication have reached the international leading level. The new impetus for economic growth has been continuously strengthened. The output index of intellectual property rights increased explosively. In 2015, the number of invention patent applications and invention patent authorizations in China jumped to the first in the world. In the first seven months of 2016, the number of invention patent authorizations in China increased by 49.5%. It is expected that the number of invention patents authorized in the whole year will exceed 500000, becoming the first country in the world with more than 500000 invention patents authorized in a single year. In the first three quarters of 2016, the number of trademark registration applications nationwide was 2.649 million, an increase of 25.2% over the same period last year. By the end of September, China had an effective trademark for every 7.1 market entities on average. The explosive growth of intellectual property output indicators has provided strong support for China's economic innovation and development, and China's economic innovation and development is also vigorously promoting the process of world economic innovation and new scientific and technological revolution

6. Highlights of entrepreneurship and Employment: the largest number of new jobs in the world and the largest number of market players

in the first three quarters of 2016, China added 10.67 million urban jobs, which is expected to exceed 13 million in the whole year, exceeding the expected goal of new jobs throughout the year, and will set a record of 13 million new urban jobs under the conditions of medium and high-speed economic growth. At the end of the third quarter of 2016, China's urban registered unemployment rate was 4.04%, lower than the annual unemployment rate control target, and one of the countries with the lowest unemployment rate among the world's major economies. In contrast, the unemployment rate in the eurozone is about 10%, and the youth unemployment rate is as high as 20%

in 2016, mass entrepreneurship in China was booming. The reform of the commercial system has achieved remarkable results and effectively promoted the active development of market players. At present, China has become the country with the largest number of market players in the world. In the first three quarters of 2016, more than 40000 new market entities were registered every day in China. At present, there are more than 80million market entities across the country. Figuratively speaking, the number of entrepreneurs in China has exceeded the total population of Germany and the total number of market players in the United States, the European Union and Japan. In the first three quarters of 2016, an average of 14600 enterprises were newly registered every day in China. China will become the largest kingdom of entrepreneurs in the world. They are both market players and job creators

the quotient value (in KGF · m/cm2) obtained by dividing the impact energy consumed by the test bar by the cross-sectional area of the notch root of the test bar is defined as the impact toughness (AK). 7. Highlights of income increase and poverty reduction: the per capita income has increased rapidly, and the population out of poverty has set a world record again

with the steady economic development, the living standards and quality of our people have generally improved. In 2016, the per capita disposable income of urban and rural residents in China continued to grow. After deducting price factors, it increased by 5.7% and 6.5% respectively in the first three quarters, making it one of the countries with the fastest growth in household income in the world. The growth rate of per capita disposable income of rural residents was higher than that of urban residents. The income gap between urban and rural residents continued to narrow, and the income multiple difference fell to about 2.8 times

in 2016, China issued the 13th five year plan for poverty eradication. All the more than 50 million poor people in the country have been filed and registered. It is expected that the number of poor people will be reduced by more than 10million throughout the year, which is equivalent to one fifth of the poverty reduction goal of reducing 50million poor people in the world every year proposed by the international community. Moreover, the gap between the level of basic public services in poor areas and the national average tends to narrow. In particular, the implementation of new measures such as poverty alleviation through tourism, such as the development of rural tourism according to local conditions, the vigorous development of leisure agriculture, and the active development of characteristic cultural tourism, has brought the aluminum alloy cable products on the market, which are about 60% lower than the national standard copper cable price, closer the distance between people of different income levels, and promoted the mutual benefit and win-win situation in the first and second rich regions

8. Highlights of ecological and environmental protection: green development accelerates and environmental quality tends to improve

in 2016, China made important progress in energy conservation and emission reduction. In the first year of the 13th five year plan, China has made green development a top priority, focused on improving the efficiency of the use of various resources, reducing energy consumption and environmental pollution at the source, and strengthening pollution prevention and control. In the first three quarters of 2016, energy consumption per unit of GDP fell by 5.2% year-on-year, and carbon emissions per unit of GDP fell by 6% year-on-year, both of which fulfilled the binding targets of the whole year ahead of schedule; The emission of major pollutants continues to decrease, and the pre