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2019 annual economic growth target can be achieved

ECHEMI 2020-01-16

At the first annual meeting of China's macro-economy held yesterday, the head of the national development and Reform Commission said that in 2019, China's national economy will run smoothly, with major indicators such as employment, prices and balance of payments in a reasonable range, and the annual economic growth target can be achieved. The person in charge said that in 2019, CPI rose 2.9% year on year, lower than the annual target of about 3%, and the target of more than 11 million new urban jobs nationwide has been achieved two months in advance, which is expected to exceed 13 million for seven consecutive years. At the same time, in the first three quarters of 2019, the growth of per capita disposable income of residents in China basically kept pace with the economic growth, the exchange rate of RMB was basically stable, and the import and export growth of goods trade was generally stable, achieving positive growth. It is worth mentioning that PMI, as a leading indicator of the economy, has been above the boom and bust line for two consecutive months.

 

Ning Jizhe, deputy director of the national development and Reform Commission: the economic operation has been kept in a reasonable range, and it is expected that the annual GDP growth will achieve the expected goal of 6-6.5 at the beginning of the year. Looking at the world, this economic growth rate is among the top of the world's major economies. It can be said that it is an economy with a trillion US dollars or more. This is the highest speed, which is really valuable. Ning Jizhe also said that in terms of the total amount, China's GDP in 2019 is expected to be close to 100 trillion yuan, and the per capita GDP is expected to exceed 10000 US dollars. The improvement of the economic scale not only means the increase of people's income, the increase of enterprise's income, the more realistic life, but also a significant progress in human history. Ning Jizhe, deputy director of the national development and Reform Commission: according to the data of the world bank in 2018, the population of countries with per capita GDP of more than 10000 US dollars is about 1.6 billion. As a country with a population of 1.4 billion and a per capita GDP of more than 10000 US dollars, 3 billion people have entered the ranks, which undoubtedly has a positive impact on the world and a significant progress in human history.

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