Overview of the National Economic Performance in 2021

On January 17, 2022, the State Council Information Office of the People's Republic of China held a press conference and invited relevant leading officials of the National Bureau of Statistics to present the national economic performance in 2021.

The GDP reached 114,367 billion yuan, an increase of 8.1% over the previous year

The annual GDP was 114,367 billion yuan, an increase of 8.1% over the previous year at constant prices, representing an average two-year increase of 5.1%.

China achieved a total grain output of 682.85 million tons, an increase of 2.0%over the previous year

China achieved a total grain output of 682.85 million tons in 2021, an increase of 13.36 million tons or 2.0% from one year earlier. Among them, the summer grain output was 145.96 million tons, up 2.2%; the early rice was 28.02 million tons, up 2.7%; the autumn grain was 508.88 million tons, up 1.9%.

The industrial added value above the designated size increased by 9.6%year on year

In 2021, the industrial added value from enterprises above the designated size increased 9.6% year-on-year, with a two-year average growth of 6.1%. The added value of state-holding enterprises increased by 8.0%; joint-stock enterprises 9.8%; foreign-funded enterprises and Hong Kong-Macao-Taiwan invested enterprises 8.9%; and private enterprises 10.2%.

The national Services Production Index (SPI) increased by 13.1% year on year

By industry categorization, the added value of information transmission, software and information technology services, accommodation and catering, transportation, warehousing, and postal services increased by 17.2%, 14.5%, and 12.1% respectively over the previous year, maintaining a recovery growth. The national Services Production Index (SPI) increased by 13.1% year on year, with a two-year average growth of 6.0%.

The total retail sales of social consumer goods amounted to 44,082.3 billion yuan

In 2021, the annual retail sales of social consumer goods totaled 44,082.3 billion yuan, up 12.5% year on year, with a two-year average growth of 3.9%. The national online retail sales reached 13,088.4 billion yuan, representing an increase of 14.1% over the previous year. Among them, the online retail sales of physical goods reached 10,804.2 billion yuan, an increase of 12.0%, accounting for 24.5% of the total retail sales of social consumer goods.

The total fixed-asset investment (excluding rural households) registered 54,454.7 billion yuan

In 2021, the total fixed-asset investment (excluding rural households) registered 54,454.7 billion yuan, up 4.9% year on year, representing a two-year average growth of 3.9%. By industry categorization, the investment in the primary industry increased 9.1%, the secondary industry 11.3%, and the tertiary industry 2.1%. Private investment stood at 30,765.9 billion yuan, or an increase of 7.0%, accounting for 56.5% of the total investment. The investment in high-tech industries increased by 17.1%, 12.2 percentage points faster than the total investment.

The total imports and exports of goods recorded 39,100.9 billion yuan

In 2021, the total imports and exports of goods recorded 39,100.9 billion yuan, an increase of 21.4% year on year. Among them, exports reached 21,734.8 billion yuan, up 21.2%; imports amounted to 17,366.1 billion yuan, up 21.5%. The imports and exports balanced out, with a trade surplus of 4,368.7 billion yuan.