1 China has become a mainstay of global economic growth
China has been the world's second largest economy for 11 consecutive years from 2010.
Under the situation of the COVID-19 pandemic sweeping the world in 2020, China's GDP reached 101.6 trillion yuan ($ 15.7 trillion), up 2.3 percent from a year earlier, making the country the only major economy in the world with positive growth. The GDP figure represented an increase of 1,500 times from 1952.
With a commitment to supply-side structural reform, China's economic structure has continued to improve, and new dynamism has been unleashed. In the past seven years, the tertiary industry, mainly including finance as well as science and technology, has steadily increased its contribution to China's GDP, and become a pillar industry of the national economy.