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China's GDP grew 6.1 percent to 99.09 trillion yuan ($14.4 trillion) in 2019, almost reaching 100 trillion yuan. Besides, the GDP per capita surpassed $10,000 for the first time, reaching $10,276.
On Friday, the country's National Bureau of Statistics also announced the population in the Chinese mainland has passed 1.4 billion. All these figures put forth enough valuable inputs to meaningfully analyse the Chinese economy and social development.
First, from China's perspective, the 6.1 percent growth indicates the downward trend of the Chinese economy has not ended yet. China will face severe challenges if it strives to keep its growth rate at 6 percent in 2020.
However, when it comes to the global arena, this growth rate is the fastest among major powers whose GDP exceeded $1 trillion. The growth of the US economy is estimated at 2.3 percent, while the economy of Germany, the locomotive of Europe, may only register a 0.6 percent growth. The Indian economy is estimated to ha