Report on China’s economic and social development

China’s National Development and Reform Commission (NDRC), on behalf of the State Council, submitted on Monday a report on the implementation of the country’s 2011 national economic and social development plan and on the 2012 draft plan for national economic and social development to the National People’s Congress (NPC), China’s top legislature.

Following are some facts and figures from the report:

ACHIEVEMENTS IN 2011:

— China’s gross domestic product (GDP) reached 47.1564 trillion yuan, up 9.2 percent from the year before;

— Total national revenue for 2011 was 10.37 trillion yuan, up 24.8percent;

— Retail sales of consumer goods totaled 18.3919 trillion yuan, up 17.1 percent;

— Total fixed-asset investment amounted to 31.1022 trillion yuan, up 23.6 percent;

— A bumper harvest yielded a total grain output of 571.21 million tons, up 4.5 percent from the previous year, the eighth consecutive annual rise;

— Energy consumption per unit of GDP fell by 2.01 percent;

— An additional 12.21 million urban jobs were created, 3.21 million more than targeted amount. Urban registered unemployment rate stood at 4.1 percent at the end of 2011;

— Urban per capita disposable income and rural per capita net income reached 21,810 yuan and 6,977 yuan, respectively, up 8.4 percent and 11.4 percent in real terms after adjusting for inflation.

— The numbers of people who were covered by basic urban old-age, basic urban medical, unemployment, worker’s compensation and maternity insurance by the end of 2011 were 289 million, 473 million, 143 million, 177 million and 139 million, respectively;

— A total of 326 million people were covered by trials for a new type of old-age insurance for rural residents across the country. The system of subsistence allowances benefited more than 53 million rural residents and 22 million urban residents;

— The country’s exports and imports volume reached 3.6421 trillion U.S. dollars, up 22.5 percent from the year before.

TARGETS FOR 2012

— GDP growth at about 7.5 percent;

— 9 million new jobs and urban registered unemployment rate at about 4.6 percent;

— CPI at around 4 percent;

— import and export volume up about 10 percent.