China's 2022 Economy Scorecard Announced

China's relevant ministries have released information on the national economic functioning of 2022. According to the information provided by the State Development and Reform Committee of China, in 2022, China's Gross Domestic Product (GDP) reached 121 trillion yuan, an increase of 6,1 trillion compared to the previous year.

With an average increase of 4,5 percent in the last three years, China's GDP was significantly higher than the world's 2 percent. The Chinese economy still remains an important motivator of world economic growth.

According to the data of the Ministry of Commerce of China, foreign capital actually used in China in 2022 increased by 6,3 percent compared to the same period of the previous year and reached 1 trillion 232 billion 680 million yuan (about 189 billion 130 million dollars). Foreign capital actually used in the manufacturing sector increased by 46,1 percent year-on-year to 323 billion 700 million yuan (approximately $48,3 billion). China's State Foreign Exchange Administration (SAFE) also stated that last year's cross-border capital flow was generally balanced, and the resilience of the foreign exchange market increased.

According to the data of the National Energy Administration, electricity consumption in the society increased by 2022 percent on an annual basis in 3,6 and reached 8 trillion 637,2 billion kilowatt hours. According to the information provided by the Ministry of Agriculture and Rural Affairs, fruitful results were achieved in agriculture and the economy in rural areas, exceeding the expected targets last year. It broke the record in food production history. The annual per capita disposable income of the villagers increased by 4,2 percent to 20 yuan.

The Ministry of Human Resources and Social Security of China also stated that the number of newly employed people in cities and towns increased to 2022 million 12 thousand in 60, exceeding the expected target of 11 million people. The Ministry of Industry and Informatics, on the other hand, announced that the added value of industrial enterprises with an annual turnover of more than 2022 million yuan in 20 grew by 3,6 percent compared to the previous year.