English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping
English websites of Chinese embassies

Home >> Business
UPDATED: 16:42, October 09, 2006
China's per capita GDP to reach 2,400 U.S. dollars in 2010
font size    

China's average per capita GDP will reach 2,400 US dollars in 2010, said a senior official with the National Development and Reform Commission (NDRC) on Monday.

Addressing the ongoing 14th World Productivity Congress (WPC) held in Shenyang, capital of northeastern Liaoning Province, Zhang Xiaoqiang, Vice Minister of the NDRC, said that on current exchange rates, China's GDP will reach 3.2 trillion US dollars in 2010.

According to data from the National Bureau of Statistics (NBS), China's GDP exceeded 2.2 trillion US dollars in 2005, ranking fourth in the world, after the United States, Japan and Germany.

However, per capita GDP was only 1,703 US dollars last year, ranking a lowly 110th in the world.

Experts said that while it has a big GDP, China's economy is still facing problems such as low efficiency, a low technological level and low added value.

China's GDP is five percent of world GDP, yet it consumes 25-40 percent of the world's crude coal, iron ore, steel, alumina and cement.

Only three out of 10,000 Chinese enterprises have intellectual property rights for their core technologies. 99 percent of Chinese firms have no patents and 60 percent do not have their own brands.

China will make more efforts to transform its economic growth mode during the five-year period from 2006 to 2010 by improving its industrial structure and developing science and education, said Zhang.

Source: Xinhua

Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this

- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- Top 500 Enterprises 2006 account for 78 percent of China's GDP

- Last year's GDP growth revised upward to 10.2%

- China revises 2005's GDP growth rate to 10.2 percent

- China's per unit of GDP energy consumption up 0.8 pct in first half year

- China's GDP is fourth in the world, GDP per capita ranks only 128th in the world


Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved