China's average GDP to exceed 1000 US dollars

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Last updated at: (Beijing Time) Wednesday, December 24, 2003

China's average GDP to exceed 1000 US dollars

China's National Bureau of Statistics predicts Gross Domestic Product will remain the sixth largest in the world this year, and that GDP per capita is to exceed 1000 US dollars.

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China's National Bureau of Statistics predicts Gross Domestic Product will remain the sixth largest in the world this year, and that GDP per capita is to exceed 1000 US dollars.

The bureau's chief economist Yao Jingyuan explained Chinese people's consuming habits are changing for the better as the GDP per capita reaches 1000 U.S. dollars. He believes the trend is expected to help the upgrading of various industrial structures.

He said Chinese people are currently spending their money on housing or travel, and there has been a notable increase in their personal assets.

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