
$10,000 per capita GDP despite population slowdown secures strong Chinese market
2020-01-19 09:04:40 source:Global Times
January 18, 2020
China's per capita gross domestic product (GDP) exceeded $10,000 for the first time in 2019. Experts say this cements the country's position as the world's second-largest economy, and that its population of 1.4 billion provides important business opportunities for other countries.
China maintained medium-high economic growth in 2019 despite encountering headwinds, with its GDP growing 6.1 percent year-on-year to reach 99.09 trillion yuan ($14.4 trillion), according to official data released by the National Bureau of Statistics (NBS) on Friday.
The country's per capita GDP was recorded at $10,276 for 2019.
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