China accounts for 9.5 percent of world’s GDP

15:35, March 25, 2011      

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A report released by the National Bureau of Statistics on March 25 shows that the proportion of China's GDP to the world as a whole rose from 5 percent in 2005 to 9.5 percent in 2010.

The report on China's economic and social development during the 11th Five-Year Plan period (2006-2010) says that during the last five years the international ranking of China's GDP achieved three consecutive jumps, rising from fifth in 2005 to fourth in 2006, to third in 2007 and to second in 2010. The proportion of China's GDP to the GDP of the United States increased from nearly 18 percent in 2005 to more than 40 percent in 2010.

The report also pointed out that China's per capita gross national income (GNI) significantly increased during the 11th Five-Year Plan period. Data from the World Bank shows that China's per capita GNI reached 3,650 U.S. dollars in 2009, ranking 125th worldwide, which is three places higher compared with 2005. In addition, the proportion of China’s per capita GNI to the world average level rose from nearly 25 percent in 2005 to nearly 42 percent in 2009.

By Li Jia, People's Daily Online
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