The National Bureau of Statistics released the "Statistical Communique on National Economic and Social Development in 2011" yesterday. Xie Hung-kwong, deputy director of the National Bureau of Statistics, described the communique as "a different kind of landscape in the world." Xie Hongguang believes that the national economy gradually shifts from policy-driven growth to endogenous growth. In 2011, the contribution rate to economic growth was 105.8%, and the rapid rise in real estate prices was effectively controlled.
Last year, the need to contribute 105.8% to the economy
The "Statistical Communique" shows that in 2011 China's GDP reached 471,564 billion yuan, an increase of 9.2% over the previous year. According to Xie Hongguang, “The national economy has gradually shifted from policy-driven growth to endogenous growth.â€
From the perspective of national economic accounting, the contribution of investment and consumption to economic growth was further increased in 2011, and the contribution rate of domestic demand to economic growth was 105.8%. Among them, the contribution of final consumption to economic growth was 51.6%, an increase of 10.1 percentage points over the previous year; the contribution of total capital formation to economic growth was 54.2%, an increase of 1.4 percentage points.
The trade surplus further narrowed and last year it continued to reduce the surplus of US$26.4 billion. “The strengthening of the endogenous growth of economic growth and the weakening of foreign dependence have effectively promoted the balanced growth of domestic and foreign demand growth,†said Xie Hongguang.
The price of homes fell month-on-month. The increase in the number of cities Xie Hung-kuang pointed out that macro-control has achieved remarkable results, and the trend of rapid price increases has been reversed. At the same time, real estate regulation and control continued to make positive progress, and the number of newly-built commercial housing sales prices in 70 large and medium-sized cities decreased month by month. In December, of the 70 large and medium-sized cities, there were 52 cities with a month-on-month decline in the chain prices, 49 more than in January. The rapid rise in real estate prices was effectively curbed. In particular, the increase in real estate prices in major cities was significantly slowed down. Some cities It began to fall, and some cities still experienced large declines.
At the same time, the progress of the construction of affordable housing has accelerated. A total of 10.43 million sets of housing (housing) were constructed for urban security housing projects throughout the year, and 4.34 million sets of urban housing projects were basically completed, all of which increased significantly compared to 2010.
Million yuan GDP energy consumption decreased by 2.01%
The communique data also shows that the national energy saving and environmental protection cause has achieved remarkable results. The national energy consumption per 10,000 yuan of gross domestic product (GDP) dropped by 2.01% from the previous year. At the same time, among the 330 cities monitored, 293 cities have air quality standards above Grade 2 (including Level 2) accounting for 88.8% of the monitored cities.
In addition, in terms of scientific research, China’s research and experimental development (R&D) expenditures in 2011 amounted to 861 billion yuan, an increase of 21.9% over the previous year, accounting for 1.83% of the gross domestic product (GDP). Xie Hongguang said that last year the central government continued to increase support for public- benefit scientific research institutions, deepen the reform of management systems for scientific research institutions, support the implementation of major scientific and technological special projects, and strive to promote the construction of distinctive regional innovation systems.
Last year, the need to contribute 105.8% to the economy
The "Statistical Communique" shows that in 2011 China's GDP reached 471,564 billion yuan, an increase of 9.2% over the previous year. According to Xie Hongguang, “The national economy has gradually shifted from policy-driven growth to endogenous growth.â€
From the perspective of national economic accounting, the contribution of investment and consumption to economic growth was further increased in 2011, and the contribution rate of domestic demand to economic growth was 105.8%. Among them, the contribution of final consumption to economic growth was 51.6%, an increase of 10.1 percentage points over the previous year; the contribution of total capital formation to economic growth was 54.2%, an increase of 1.4 percentage points.
The trade surplus further narrowed and last year it continued to reduce the surplus of US$26.4 billion. “The strengthening of the endogenous growth of economic growth and the weakening of foreign dependence have effectively promoted the balanced growth of domestic and foreign demand growth,†said Xie Hongguang.
The price of homes fell month-on-month. The increase in the number of cities Xie Hung-kuang pointed out that macro-control has achieved remarkable results, and the trend of rapid price increases has been reversed. At the same time, real estate regulation and control continued to make positive progress, and the number of newly-built commercial housing sales prices in 70 large and medium-sized cities decreased month by month. In December, of the 70 large and medium-sized cities, there were 52 cities with a month-on-month decline in the chain prices, 49 more than in January. The rapid rise in real estate prices was effectively curbed. In particular, the increase in real estate prices in major cities was significantly slowed down. Some cities It began to fall, and some cities still experienced large declines.
At the same time, the progress of the construction of affordable housing has accelerated. A total of 10.43 million sets of housing (housing) were constructed for urban security housing projects throughout the year, and 4.34 million sets of urban housing projects were basically completed, all of which increased significantly compared to 2010.
Million yuan GDP energy consumption decreased by 2.01%
The communique data also shows that the national energy saving and environmental protection cause has achieved remarkable results. The national energy consumption per 10,000 yuan of gross domestic product (GDP) dropped by 2.01% from the previous year. At the same time, among the 330 cities monitored, 293 cities have air quality standards above Grade 2 (including Level 2) accounting for 88.8% of the monitored cities.
In addition, in terms of scientific research, China’s research and experimental development (R&D) expenditures in 2011 amounted to 861 billion yuan, an increase of 21.9% over the previous year, accounting for 1.83% of the gross domestic product (GDP). Xie Hongguang said that last year the central government continued to increase support for public- benefit scientific research institutions, deepen the reform of management systems for scientific research institutions, support the implementation of major scientific and technological special projects, and strive to promote the construction of distinctive regional innovation systems.
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