BEIJING, Jan. 23 (Xinhuanet) -- China's per capita gross domestic product (GDP) exceeding 10,000 U.S. dollars bears great significance to both China and the world in terms of economic and social development, an economic expert said.
Wang Haiwen, deputy head of the School of Economics at Beijing International Studies University, made the remarks in a written interview with Xinhuanet.
According to the data released recently by China's National Bureau of Statistics (NBS), the country’s GDP totaled 99.09 trillion yuan (14.38 trillion U.S. dollars) in 2019, and the per capita GDP in 2019 reached 10,276 U.S. dollars at the average exchange rate.
Wang attributed this achievement to effective economic policies, stable environment for development as well as resolve and efforts to boost economic growth, alongside continuous innovation and reform.
He said the data indicate that China's economic polices are suited to its national condition and its economic and social development have stepped up to a new level.
He elaborated on China's efforts to facilitate the growth of per capita GDP, such as pushing forward the five development concepts of innovation, coordination, greening, opening-up and inclusiveness, upgrading its economic structure, and deepening all-round reform and opening-up.
The achievement will lay a firm foundation for the completion of the task of building a moderately prosperous society in all respects by 2020, he noted.
Moreover, he added the data are a welcome sight against the backdrop of the turbulent international landscape, noting "China's economic progress heralds good news for the world economy."
He also called attention to the gap between China and the developed countries, saying issues such as unbalanced development and poverty alleviation remain important tasks.
