China's total economic output enters the top three in the world

“Can China save the world?” On the cover of the Asian edition of the recently published American Time magazine, under the eye-catching title is a vivid cartoon – a panda is cheering up the sullen earth. No matter what the purpose behind this proposition is, what is the answer? One cannot deny the fact that China, as a rapidly emerging economic power, is playing an increasingly important role on the stage of the world economy.

In the past year, the world economy under the ravages of the international financial crisis has fallen into a full-scale recession. Also in this year, China, as the only economy in the world to maintain growth, has completed another leap in history – the total economic output has exceeded 30 trillion yuan, accounting for 7.3% of the world economy, ranking third in the world.

At the beginning of this year, Ma Jiantang, the director of the National Bureau of Statistics, proudly announced to the world that in 2008, in overcoming the adverse effects of the extraordinary natural disasters and the international financial crisis, China’s national economy continued to show rapid growth, and its gross domestic product (GDP). It reached 300.67 billion yuan and surpassed Germany to become the world's third largest economy after the United States and Japan. Not only that, but in the bleak picture of the non-zero or negative economic growth of major economies in the world, China has brought a bright touch to the world economy with a high growth rate of 9%.

In fact, during the 30 years of reform and opening up, the Chinese economy has created an economic miracle that has attracted worldwide attention with a rare annual growth rate of 9.8% in the world. Looking back at the 60 years that New China has gone through, it is even more heartfelt to sigh and praise this great rise.

In just 60 years, we have fulfilled the dream that others need hundreds of years to complete. They have not only lost a hat of poverty and whiteness, but have gradually embarked on the road of enriching the country and revitalizing the people, and have stepped into the ranks of the world's economic powers. According to the International Monetary Fund's forecast, China's total GDP will surpass Japan in 2009, ranking second in the world. Recently, an internationally renowned economist boldly predicted that by 2015, the total economic output of China will exceed 7% of the US by the purchasing power parity method.

The rapid economic growth is first reflected in the accelerated expansion of the economic aggregate. In 1952, China's GDP was only 67.9 billion yuan. After the reform and opening up, the total economic output has reached several major steps: in 1986, it exceeded 1 trillion yuan; in 2001, it reached 10 trillion yuan, and it took 15 years to complete this jump, and from 10 trillion yuan to 20 in 2006. In the trillion yuan, it took only five years to achieve an increase of 30 trillion yuan in 2008, and it only took two years. According to estimates, the average amount of wealth created in 2008 exceeded the total amount of 1952!

Whether it is looking at scale or speed, the Chinese economy has shown a geometrically incremental leap-forward development model. As a big country with a population of more than one billion, China has not only solved the problem of food and clothing for the people in a short period of time, but also achieved a substantial increase in per capita GDP, from 119 yuan in 1952 to 22,698 yuan in 2008. Especially after the reform and opening up in 1978, China's per capita GDP growth trend is particularly obvious. According to comparable prices, 2008 was 11.9 times that of 1978, and at current prices, it was 190.1 times that of 1952. At an average annual exchange rate, per capita GDP in 2008 exceeded $3,000. According to the World Bank classification criteria, China has entered the ranks of middle-income countries in the world from low-income countries.

With the rapid development of the economy, China's economic share in the world economy is also gradually increasing, from 1.8% in 1978 to 7.3% in 2008. In the 30 years of reform and opening up, China's economy has grown at an average annual rate of more than 9%, much higher than the average annual growth rate of 3.0% in the world economy. In the words of the image: "Every time the world goes one step, China has taken three steps." At the same time, China's contribution to the world economy has also increased significantly. In 1978, this ratio was only 2.3%, a difference of 35 percentage points from the United States, 15.9 percentage points from Japan, and 13.6 percentage points from the euro zone. By 2008, China's economy has contributed more than 20% to the world economy, second only to the United States, and far ahead of major developing countries.

In the past 60 years, it has witnessed the great change of China's comprehensive economic strength from weak to strong. It is reflected in the state's fiscal revenue: China's fiscal revenue was only 113.2 billion yuan in 1978, doubled in 1985 to 0.25 billion yuan, and again in 1993. Fan, reaching 4349 billion yuan, surpassed 1 trillion yuan in 1999, more than 2 trillion yuan in 2003, and by 2008, the state's fiscal revenue has exceeded 6 trillion yuan. In addition, with the development of China's foreign economy, foreign exchange reserves have also achieved a historic shift from shortage to abundance. In 2008, it reached 1.95 trillion US dollars, ranking first in the world. The increase in financial resources provides a strong financial guarantee for promoting economic development, strengthening weak links in the economy and society, effectively improving people's livelihood, and effectively responding to various risks and natural disasters.

At the same time, China's economic structure has also achieved a huge adjustment from low to high, uneven to relatively balanced, and the coordination of economic development has been significantly enhanced. In the early days of the founding of the People's Republic of China, China was basically an agricultural country. By 2008, the primary industry had fallen from 51% in 1952 to 11.3%, the secondary industry had risen from 20.8% to 48.6%, and the tertiary industry had risen sharply from 28.2% to 40.1. %. The industrial and agricultural production has developed rapidly, and the shortage of goods and services has been from severe shortage to abundant abundance. The output of some important industrial and agricultural products has ranked first in the world. The data shows that in 2008, China's grain output reached 527.71 million tons, an increase of 3.7 times compared with 1949, per capita output increased by 90%, cotton (13500, -40.00, -0.30%), oil and other production are several times, ten With several times of growth, the output of cereals, meat, cotton and other products ranked first in the world. In the early days of liberation, China’s steel output, crude oil and power generation ranked more than 20 in the world. Today, steel production ranks first, and power generation ranks first. Second, crude oil production ranks fifth, and China has become a major manufacturing country in the world. In addition, the tertiary industry has grown rapidly and its business has continued to prosper. It has basically formed a multi-level, multi-category commodity market system and a commodity market structure in which multiple economic components, multiple market circulation channels, and multiple business methods coexist.

Time spans 60 years. China, already among the world's economic giants, is standing at a new coordinate origin, rethinking and examining some of the disharmony that has developed in the past, and setting a higher goal for the next leap--to 2020 In the year, we strive to quadruple the per capita GDP rather than the GDP, and the realization of this goal must be based on optimizing the structure, improving efficiency, reducing consumption, and protecting the environment. We have reason to believe that the Chinese economy will create new and greater miracles on the road to becoming rich and powerful.

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