In 2019, China’s GDP was nearly 100 billion yuan, an increase of 6.1%-
10 thousand dollars per capita, amazing

Another giant leap!

On January 17th, the economic data of China in 2019 was released. According to preliminary accounting, China’s GDP in 2019 was 99.0865 trillion yuan, an increase of 6.1% over the previous year; According to the annual average exchange rate, the per capita GDP exceeded the $10,000 mark and reached $10,276.

"China’s economic growth has remained between 6% and 7% for 18 consecutive quarters, and the resilience of economic development has continued to show. This not only shows that new progress has been made in building a well-off society in an all-round way in 2019, but also shows that economic development in 2019 provides a solid guarantee for building a well-off society in 2020. " Ning Ji Zhe, director of the National Bureau of Statistics, said at the press conference of the State Council Office.

Ten thousand dollars

Per capita GDP is roughly equivalent to 90% of the world average.

Since the founding of New China 70 years ago, it has grown from poverty to an economy with a volume of nearly 100 billion yuan. "This not only means that China’s economic aggregate is constantly expanding, but also shows that the quality of China’s economic development is steadily improving and people’s lives are continuously improving; It not only laid a solid foundation for achieving a well-off society in an all-round way this year, but also made our due contribution to the development and progress of all mankind, which has important symbolic significance. " Ning Jizhen said.

China’s comprehensive national strength has been further enhanced, and its "financial resources" have become more solid.

In 2019, China’s GDP was close to 100 trillion yuan, reaching 14.4 trillion US dollars according to the annual average exchange rate, ranking second in the world. Looking back at history, it is not easy to earn such a rich family.

In 1952, China’s GDP was only 67.9 billion yuan. In 1986, China’s total economic output exceeded 1 trillion yuan. It took us 37 years to reach the level of 1 trillion yuan from the time when New China was founded. From 1 trillion yuan to 10 trillion yuan in 2000, it took us 14 years; It took us only 19 years from 10 trillion yuan to nearly 100 billion yuan in 2019.

Wang Yuanhong, deputy director of the Economic Forecasting Department of the National Information Center, said that 2020 is the year of building a well-off society in an all-round way and the end of the 13 th Five-Year Plan. China’s comprehensive national strength has been continuously enhanced, and its per capita GDP has been steadily improved, laying a solid foundation for the decisive battle to build a well-off society in an all-round way and fight poverty. "In the long run, this also provides favorable conditions for us to enter the ranks of moderately developed countries."

The number of "10,000 households" in the world has doubled, and China has contributed more.

According to World Bank data, in 2018, the population of economies with a per capita GDP of more than $10,000 was nearly 1.5 billion. As China, with a total population of 1.4 billion, enters the per capita GDP.The rank of $10,000 is equivalent to the doubling of the world population whose per capita GDP exceeds $10,000.

Ning Ji Zhe introduced that in 2019, the proportion of China’s GDP in the world is expected to exceed 16%, and the contribution rate of China’s economic growth to the world’s economic growth is expected to reach about 30%. China is still the locomotive with the strongest motive force for world economic development. China’s per capita GDP ranks among the middle-income countries in the world, and its position in the human development index has further increased.

"The per capita GDP exceeds 10,000 US dollars, which means that our economy is larger, our ability to shape an international development environment more conducive to me is enhanced, and China’s position as the second largest economy in the world is further consolidated. The huge domestic market of 1.4 billion people also provides important opportunities for countries around the world to expand business opportunities. " Xu Wei, Deputy Director of Macroeconomic Research Department of the State Council Development Research Center, said.

Although the gap with high-income countries is narrowing, China is still among the middle-income countries.

Data show that in 1980, China’s per capita GDP was about $300, equivalent to about 12% of the world average; In 2019, according to the current dollar estimate, China’s per capita GDP is roughly equivalent to 90% of the world average.

"Looking at the per capita level, the characteristics of developing countries in China have not fundamentally changed." Wang Yuanhong introduced that from the perspective of investment level, the per capita capital stock of infrastructure in China is only 20%-30% of that of developed countries. From the perspective of consumption structure, the Engel coefficient of Chinese residents’ consumption in 2019 is 28.2%, which is still higher than the level of developed countries, indicating that China people still need to spend a large proportion to meet their basic needs such as food and clothing.

Xu Wei also said that China is still far from the threshold of high-income countries and needs to concentrate on promoting high-quality development.

6.1%

The economic growth rate is among the best in the world’s major economies.

Last year, China’s economic growth rate was 6.1%, which was in line with the expected target of 6%-6.5% put forward at the beginning of the year, ranking first among economies with more than 1 trillion US dollars.

Ning Ji Zhe introduced that in 2019, the economic growth rate of the United States was about 2.3%, that of Japan and the euro zone was slightly higher than 1%, and that of India was over 5%. "China’s 6.1% is significantly higher than the global economic growth rate and ranks among the best in the world’s major economies."

This 6.1% gold content is not low.

The "food basket" was stable and the overall price remained stable. In 2019, the consumer price (CPI) rose by 2.9% over the previous year, which was in line with the expected target of around 3% proposed at the beginning of the year. The core CPI excluding food and energy increased by 1.6% compared with the previous year, and the growth rate dropped from the previous year.

The "rice bowl" is strong and the quality of employment has improved significantly. In 2019, the monthly national urban survey unemployment rate was between 5.0% and 5.3%, which was lower than the expected target of around 5.5% proposed at the beginning of the year. In December, the national urban unemployment rate was 5.2%, and 13.52 million new jobs were created in cities and towns throughout the year, which was significantly higher than the annual expected target of more than 11 million, and it has remained above 13 million for the seventh consecutive year.

"Pocket" drum, the income of the people increased steadily. Last year, the per capita disposable income of China residents exceeded 30,000 yuan for the first time, reaching 30,733 yuan. While the income growth is basically synchronized with the economic growth, and is roughly equal to the per capita GDP growth, the per capita disposable income of rural residents has actually increased by 6.2%, which continues to be faster than that of urban residents, and the income gap between urban and rural residents has narrowed.

"Income determines consumption, and per capita disposable income continues to increase, which means the continuous expansion of consumption scale in China, the continuous promotion of consumption upgrading, and the continuous optimization of economic structure." Wang Yuanhong said.

Last year, the role of consumption as the "main engine" of economic growth was further consolidated, and the contribution rate of final consumption expenditure to GDP growth was 57.8%, which was 26.6 percentage points higher than the total capital formation. In the annual per capita consumption expenditure of national residents, service consumption expenditure accounted for 45.9%, up 1.7 percentage points over the previous year.

"As long as the income of residents can maintain such growth, a populous country is a super-large-scale market with sustained purchasing power, and its economic operation will be more resilient, which will not only better solve the problem of insufficient imbalance in development, but also provide important support for building a socialist modernization power in an all-round way." Wang Yuanhong said.

11.09 million people

Last year, the number of poor people in rural areas continued to decrease, with more than 10 million people lifted out of poverty for seven consecutive years.

A steady and progressive report card is hard to come by.

Since last year, the unstable and uncertain factors in the world economy have obviously increased, the risk challenges at home and abroad have obviously increased, and the downward pressure on China’s economy has increased. Faced with such a complicated situation, the CPC Central Committee with the Supreme Leader as the core is far-sighted, size up the situation, adhere to the general tone of striving for progress while maintaining stability, maintain strategic strength and act positively, turn external pressure into a powerful driving force for deepening reform and opening up, and concentrate on doing its own thing well.

—— In 2019, the "six stabilities" work was solidly promoted, and the high-quality development hoof was steady.

"In the past year, the’ six stabilities’ have achieved remarkable results, and the economic growth rate of 6.1% is remarkable. Moreover, China’s economy has shifted from a high-speed growth stage to a high-quality development stage. We do not deliberately pursue economic growth, but pursue a reasonable growth rate with quality and efficiency. " Ning Jizhen said.

The industrial structure is upgrading. In 2019, the added value of service industry increased by 6.9% over the previous year, 1.2 percentage points faster than that of the secondary industry, accounting for 53.9% of GDP, which is an important stabilizer for economic growth.

The gap between urban and rural areas is narrowing. At the end of 2019, the proportion of urban resident population in China exceeded 60% of the total population for the first time, reaching 60.6%, which is a landmark data for China’s industrialization and urbanization.

The innovation drive is stronger. Chang ‘e landed on the back of the moon, Snow Dragon 2 made its maiden voyage to the South Pole, and the commercial launch of 5G was accelerated … In 2019, about 20,000 enterprises were born every day in China, and the number of invention patents per 10,000 population reached 13.3. Innovative achievements are pouring out, and China climbed to 14th place in the global innovation index rankings.

—— In 2019, key progress was made in the three major battles, laying a solid foundation for building a well-off society in an all-round way.

Poverty alleviation has achieved remarkable results. In 2019, there were about 340 poverty-stricken counties in China, and 11.09 million rural poor people were lifted out of poverty, with more than 10 million people lifted out of poverty for seven consecutive years.

The ecological environment continued to improve. Last year, the average number of excellent days of air quality in 337 cities at prefecture level and above was 82%, the proportion of grade I-III water quality sections of surface water increased by 3.9 percentage points over the previous year, and the proportion of grade V was decreased by 3.3 percentage points.

Financial risks are controllable. In 2019, China’s macro leverage ratio was basically stable, while the micro leverage ratio declined steadily. At the end of November, the national local government debt balance was 21.3 trillion yuan, which was controlled within the limit approved by the National People’s Congress. Prevent and resolve major risks and achieve positive results.

"The basic trend of China’s stable economy and long-term improvement has not changed." Ning Ji Zhe said, "As long as we give full play to our advantages and overcome difficulties, hope is always more than difficulties. I believe that China’s economy will be able to cope with the risk challenges and continue to forge ahead! (Reporter Lu Yanan)

　　Energy security and safety are related to the national economy and people’s livelihood, and they are the "big country" that cannot be ignored for a moment. Since the 18th National Congress of the Communist Party of China, the construction of China’s new energy system has been accelerated, and the foundation of energy security has been continuously consolidated, which has provided strong support for economic and social development. At the same time, we should also see that China’s energy development still faces a series of challenges, such as huge demand pressure, more supply constraints, and arduous tasks of green and low-carbon transformation. When presiding over the 12th collective study of the 20th the Political Bureau of the Communist Party of China (CPC) Central Committee, General Secretary of the Supreme Leader pointed out: "The way out to meet these challenges is to vigorously develop new energy sources." This has pointed out the direction for us to promote the high-quality development of new energy and provide safe and reliable energy guarantee for Chinese modernization.

　　China is rich in wind power, photovoltaic and other resources, and has great potential for developing new energy. In recent years, China’s new energy development has achieved remarkable results, the installed capacity ranks first in the world, the proportion of power generation has steadily increased, and the cost has dropped rapidly. Among them, the integration of river basin water and scenery is becoming a new development direction. The integration of river basin water and scenery refers to the complementary development of hydropower, wind power and photovoltaic power generation by fully tapping the hydropower regulation capacity, relying on the cascade hydropower, hydropower expansion and pumped storage development in the river basin. It is of great significance to speed up the integrated development of river basin water and scenery.

　　It is conducive to ensuring national energy security. General Secretary of the Supreme Leader pointed out: "The rice bowl of energy must be in your own hands." Energy is the blood of modern society. Since the founding of New China, especially since the reform and opening up, we have been able to create two miracles of rapid economic development and long-term social stability, which cannot be separated from the important support provided by the energy industry. On the new journey, sufficient and stable energy supply with affordable price is the inherent requirement of promoting Chinese modernization. At present, China has basically formed an energy production system driven by coal, oil, gas, electricity, nuclear, new energy and renewable energy, and its energy supply guarantee capacity has been continuously enhanced. To build a strong energy country and ensure energy security on the new journey, we must base ourselves on domestic diversified supply to ensure safety, persist in promoting the adjustment of energy structure and industrial structure, and firmly hold the energy rice bowl in our own hands. Rich in coal but poor in oil and poor in gas is China’s national condition, and the development of new energy plays a very important role in ensuring national energy security. Implementing the integrated development of water, scenery and scenery in the basin can maximize the utilization efficiency of water and scenery resources in the basin, at the same time, take into account the requirements of environmental protection, safety and cost, enhance the capacity of new energy supply, and grasp the strategic bottom line of self-sufficiency in domestic production of important energy.

　　And is beneficial to realize that carbon neutrality goal of peak carbon dioxide emissions. General Secretary of the Supreme Leader pointed out: "Promoting carbon neutrality in peak carbon dioxide emissions is a major strategic decision made by the CPC Central Committee after careful consideration, a solemn commitment to the international community and an inherent requirement for promoting high-quality development." Achieving carbon neutrality in peak carbon dioxide emissions is a wide-ranging and profound economic and social change, which can never be achieved easily. Activities related to energy production and consumption are the main sources of carbon dioxide emissions. Promoting the green and low-carbon transformation of energy is an important measure to do a good job in carbon neutrality in peak carbon dioxide emissions. Wind power, photovoltaic power generation, hydropower and so on do not emit pollutants and greenhouse gases, and are natural green energy sources. Wind power and photovoltaic power generation have the characteristics of randomness and fluctuation. Through optimal dispatching and rapid and flexible adjustment of hydropower units, wind power and photovoltaic power generation with random fluctuation can be adjusted into smooth and stable high-quality power supply. Accelerating the integrated development of river basin water, scenery and scenery is conducive to further enhancing the transformation power of green and low-carbon energy development, promoting the development of China’s energy and power system in a clean, low-carbon, safe and efficient direction, and helping peak carbon dioxide emissions achieve the goal of carbon neutrality.

　　It is conducive to promoting the high-quality development of new energy. The General Secretary of the Supreme Leader pointed out: "We should follow the trend and take advantage of the situation to promote the high-quality development of new energy in China with greater efforts." At present, there are still some restrictive factors in the development and utilization of new energy in China, such as insufficient adaptability of power system to large-scale and high-proportion new energy connection and consumption, and obvious constraints on land resources. The integrated development of river basin water, scenery and pumped storage organically integrates the characteristics of rapid response and large-scale energy storage of conventional hydropower and pumped storage with the cost advantage of large-scale development of new energy, which has the technical and economic feasibility of large-scale development in a short period of time. First, the new energy resources around China’s large-scale hydropower bases are in good condition, and the development of river basin water, scenery and integrated bases has natural conditions. Second, it can effectively improve the grid-connected pressure of new energy, greatly alleviate the impact of new energy generation on grid frequency and reactive voltage, and effectively support the dynamic balance of power system. Third, it can effectively play the seasonal compensation role of wind power and photovoltaic power generation, significantly increase the external power transmission during the dry season of hydropower, improve the power supply capacity, and effectively improve the utilization rate of transmission channels.

　　As an important promoter of the integrated development of river basin water and scenery, China Electric Power Construction Group Co., Ltd. thoroughly studied and implemented the Supreme Leader’s New Era Socialism with Chinese characteristics Thought, gave full play to the advantages of the integration of "planning, design, investment, construction and operation" in the whole industrial chain, scientifically planned and built a new energy system, and actively implemented the integrated development of river basin water and scenery. First, the investigation of water and scenery resources and the study of hydropower expansion potential in major river basins have been basically completed, and the project library of water and scenery integration construction in major river basins has been established, which has accumulated basic data resources for the implementation of water and scenery integration development and construction in river basins. Second, consider the development and construction cycle of various power sources, mainly adjust the construction progress of power sources and delivery channels, the economic and social development needs of the receiving market and the development needs of the power market, coordinate the project construction with rural revitalization and infrastructure construction, reasonably draw up the power development timing and promotion measures of the base, and create an integrated development system with unified planning, organic integration, efficient development and scientific management. Thirdly, a series of basic technology research and industrial chain construction work were organized around key topics such as planning and design, construction, dispatching and operation, equipment manufacturing, electricity price mechanism, digital management, and a number of original technologies with independent intellectual property rights were formed. The fourth is to promote the construction of a global renewable energy database and planning platform, which has been applied by dozens of countries in Southeast Asia, Central Asia, Africa, South America and other regions. Facing the future, we should conscientiously implement the spirit of the important speech of the Supreme Leader General Secretary and the decision-making arrangements of the CPC Central Committee.Actively contribute to the high-quality development of new energy in China.

　　(The author is Party Secretary and Chairman of China Electric Power Construction Group Co., Ltd.)

Continue reading »