New development drivers are increasingly underpinning China's growth, adding to economic vitality and innovation capability, an index shows.
The new growth driver index, compiled by the National Bureau of Statistics, increased by 35.4 percent in 2021 from a year earlier to 598.8, the bureau said Wednesday.
With 2014 as the base year and 100 points as the base value, the index measures the vitality of new industries, new business forms and models, with sub-indexes covering the internet economy, innovation capability, economic vitality, knowledge level and industrial upgrade.
RAPID INTERNET ECONOMIC GROWTH
While all sub-indexes climbed in 2021, the sub-index for the internet economy surged 48.4 percent year on year to 1,963.6, contributing 81.9 percent to growth in the new growth driver index.
China has been pushing forward the construction of 5G and gigabit optical networks, fostering the internet, big data and artificial intelligence sectors, and promoting deep integration between the digital economy and the real economy, said He Qiang, a statistician with the bureau.
By the end of last year, the number of mobile internet users in China reached 1.42 billion, up 5 percent year on year, while the number of fixed broadband internet users stood at 540 million, increasing 10.8 percent over the previous year.
GROWING ONLINE CONSUMPTION
Online shopping, food delivery and other e-commerce services have developed rapidly, and brick-and-mortar businesses have expanded sales through livestreaming, group purchases and other online channels.
As a result, the online retail sales market has seen more consumption scenarios and growing consumption demand, said He.
Last year, China's online retail sales rose 14.1 percent to 13.1 trillion yuan (about 1.9 trillion U.S. dollars), according to data released by the bureau.
Specifically, online retail sales of physical goods increased by 12 percent during the period, and accounted for 24.5 percent of the total retail sales of consumer goods.
INCREASING ECONOMIC VITALITY
Following the government's efforts to improve the business environment and further streamline administration, delegate power, improve regulation and upgrade services, economic vitality has been enhanced, said He.
The sub-index for economic vitality increased 18.8 percent to 393.1 in 2021.
In 2021, the number of newly-added market entities went up 15.4 percent to top 28.87 million. The growth rate was 10.2 percentage points higher than the level registered in 2020.
Some 25,000 new enterprises were registered daily during the period, and the total number of market entities reached 150 million at the end of last year.
RISING R&D INVESTMENT, OUTPUT
China has vigorously promoted scientific and technological innovation and made breakthroughs in core technologies, said He.
In 2021, China's invested 2.8 trillion yuan in research and development (R&D), rising 14.6 percent over that of 2020. The country's R&D investment had maintained double-digit growth for six consecutive years.
Last year, China authorized 696,000 invention patents, with the average ownership of high-value invention patents reaching 7.5 per 10,000 people.
- Tibet’s annual GDP growth reaches 9.5 pct over 10 years
- China-Europe freight train services see robust growth in August
- Index shows China’s thriving new growth drivers
- IMF cuts 2022 global growth forecast to 3.2 pct
- China-Laos Railway inducts Lao train drivers
- China adopts targeted measures to bolster foreign trade growth
Popular Videos
Hot comments
- First apes at U.S. zoo receive COVID-19 vaccine made for animals, zoo official says
- China Life: Chinese women shine with She Power
- Foreign firms approved to offer VPN services in capital
- Homemade curling videos trending in China
- 86-year-old grandma in Hebei spends most her life on traditional cheongsam
- Winners of 2022 Inaugural WLA Prize announced
- Lantern Festival: A romantic celebration in China
- Two Chinese COVID-19 vaccine firms to supply vaccines to COVAX
- Media center for 20th CPC national congress to open on Oct. 12
- Six suspects arrested in HK for role in SE Asia job scam
Top Reviews
- Young artists recreate beauty of traditional Hanfu costume
- China releases photos of tallest tree
- English version of ‘Understanding Xi Jinping’s Educational Philosophy’ published
- China crowned in men’s team for 10th straight time at table tennis worlds
- China publishes Atlas of Wildlife in SW China
- Guangxi’s 10 Years: A Visit to China’s Qinzhou Port
- Congress delegate helped lift village out of poverty
- Expo highlights joint efforts in NEV development
- Racism stain of shame on ‘world democratic paradise’
- U.S. may face new COVID wave this upcoming winter: report