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Provinces and municipalities begin reporting GDP data for 2017

(People's Daily)    10:23, January 25, 2018

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Twenty provinces and cities have reported GDP data for 2017, most of which appear to report growth higher than the national rate.

Disposable annual income of citizens in Beijing and Shanghai is reported to be more than 50,000 yuan ($7,845) on average, according to news website mnw.cn.

In 2017, China’s GDP was a 80 trillion yuan, data from the National Bureau of Statistics show. This comes amid the first increase in the annual GDP growth rate since 2010. The producer price index turned positive for the first time in five years, and the prices of coal and steel rebounded.

Since mid-January, provinces across the country have begun to release their regional economic data for 2017.

So far the top three in the ranking for growth are East China’s Shandong Province, Central China’s Henan Province, and Southwest China’s Sichuan Province. Shandong Province’s economic output was 7.26 trillion yuan, the news report said.

Meanwhile, many provinces also remarked on their own milestone achievements in economic output. Shanghai’s GDP crossed the 3 trillion yuan barrier. Northwest China’s Xinjiang Uyghur Autonomous Region reported more than 1 trillion yuan in economic activity, the report noted.

Experts noted that the economic growth rate in the east appears to be relatively slower than in the midwest, the report added.

(Compiled by Dong Feng) 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Bianji, Liang Jun)

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