China top contributor to world economic growth

11:15, October 03, 2009      

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China contributed 19.2 percent of the world economic growth in 2007, up from 2.3 percent in 1978, a report by the National Bureau of Statistics (NBS) has said.

Fireworks are seen during a grand performance celebrating the 60th anniversary of the founding of the People's Republic of China, on the Tian'anmen square in Beijing, capital of China, Oct. 1, 2009. (Xinhua/Guo Dayue)

It said China tops the world in contribution to the global economic growth.

The report was the 18th by the NBS. It showcased the improving international status and influence of new China over years of development.

According to the NBS, China's gross domestic product (GDP) was 30 billion U.S. dollars in 1952, more than doubling by 1960, and reached 3.86 trillion U.S. dollars in 2008.

China had also become the world's third largest economy in 2008 by accounting for 6.4 percent of the global GDP.

Meanwhile, the country's gross national income (GNI) per capital has been catching up with the world average. The GNI per capita was 10.1 percent of the world average in 1978, and 32.3 percent in2008.

In terms of GNI per capita ranking among 209 countries and regions by the World Bank, China was 130th in 2008 at 2,770 U.S. dollars, up 15 places compared 750 U.S. dollars in 1997.

Source: Xinhua
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