China's economy 2002-2012
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E-mail China.org.cn, August 24, 2012
China's economy has been increasingly balanced and sustainable despite global financial instability, a trend that has been growing since 2002, according to a report released by the National Bureau of Statistics. The following are highlights from the past 10 years of Chinese economic development.
1. General development
Domestic demand is playing an increasingly important role in boosting China's economic growth, especially when external demand is hampered by the worldwide financial crisis.
Infrastructure projects and projects concerning people's livelihood have become the priority of government investments. A series of policies have been made to curb the excessive growth of industries with high-emission and high-energy consumption.
Growth of investment on industries with high energy consumption (2003-2011)
Great efforts have been made to improve China's international balance of payments.
Trade surplus (2002-2011)
|
Proportion of foreign trade volumes |
|||
|
Unit: % |
|||
|
Country / Region |
2002 |
2010 |
2011 |
|
China’s Hong Kong |
11.1 |
7.8 |
7.8 |
|
China’s Taiwan |
7.2 |
4.9 |
4.4 |
|
Japan |
16.4 |
10.0 |
9.4 |
|
South Korea |
7.2 |
7.0 |
6.7 |
|
Canada |
1.3 |
1.2 |
1.3 |
|
United States |
13.0 |
13.0 |
12.3 |
|
Australia |
1.4 |
3.0 |
3.2 |
|
ASEAN |
8.8 |
9.8 |
10.0 |
|
EU |
14.0 |
16.1 |
15.6 |
|
India |
0.8 |
2.1 |
2.0 |
|
South Africa |
0.4 |
0.9 |
1.2 |
|
Russia |
1.9 |
1.9 |
2.2 |
|
Brazil |
0.7 |
2.1 |
2.3 |
