China's share of global economy rises to over 18%

0 菲律宾太城申博Print E-mail Xinhua, May 12, 2022
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An aerial view of the Longtan Container Terminal of Nanjing Port in Nanjing, Jiangsu province, May 6, 2022. [Photo/Xinhua]

China accounted for over 18% of the global economy in 2021, rising from 11.4% in 2012, an official said Thursday.

China has both cemented and improved its status as the world's second-largest economy over the past decade, said Han Wenxiu, a senior official with the Central Committee for Financial and Economic Affairs.

The country's gross domestic products (GDP) topped 114 trillion yuan (about $16.94 trillion) in 2021, and per capita GDP reached $12,500, close to the threshold for high-income economies, Han said.

The contribution of China's economic growth to the world economy has stood at around 30% in recent years, making it the largest growth engine for the global economy, Han added. 

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