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China in 2011-2015

2016-09-26

China Report Asean 2016年3期



China in 2011-2015

The 12th Five-Year Plan - which ran from 2011 to 2015 - saw the Chinese economy develop as well as modernize.

The service economy and high tech sectors were particularly strong as China continues to grow

Gross Domestic Product

A key goal of the 12th Five-Year Plan was to introduce more “quality growth” and place less focus on GDP growth alone. Growth averaged more than 7.8 percent from 2011-2015

Transportation

By the end of 2015, highway networks reached a total of more than 123,000 km while high speed rail links were lengthened significantly, to 19,000 km. China has grown to be the world's leader in high-speed rail technology

Service sector

importance grows

The service sector

has become an

integral part of

China's economy

Urbanization & employment

Trends of urbanization continued, while the labor force grew. Public services - particularly those related to health, transportation and education - received large boosts in funding

Per-capita

consumption

expenditure

reaches new high

Chinese citizens' consumption spending averaged ¥15,712 ($2,399) in 2015. Here's how those expenses break down


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