China's GDP expands 8.1% in 2021

China's economy posted stable growth in 2021 despite challenges including epidemic resurgences and a complicated external environment, official data showed Monday.

The country's gross domestic product (GDP) expanded 8.1% year on year to 114.37 trillion yuan (about 18 trillion US dollars) last year, the National Bureau of Statistics (NBS) said.

The pace was well above the government target of "above 6%," and put the two-year average growth at 5.1%, the data showed.

In the fourth quarter, the country's GDP expanded 4% year on year.

China's economy has continued stable recovery in 2021, leading the world in both economic development and epidemic control, the NBS said, while warning of the triple pressure of demand contraction, supply shocks and weakening expectations amid an increasingly complicated external environment.

China's value-added industrial output, an important economic indicator, went up 9.6% year on year in 2021, data from the National Bureau of Statistics showed Monday.

China's job market remained generally stable in 2021, with the surveyed urban unemployment rate standing at 5.1%, 0.5%age points lower than the same period in the previous year, data from the National Bureau of Statistics showed Monday.

China's retail sales of consumer goods, a major indicator of consumption growth, rose 12.5% year on year in 2021, the National Bureau of Statistics said Monday.

China's fixed-asset investment went up 4.9% year on year in 2021, data from the National Bureau of Statistics showed Monday.

Investment in property development rose 4.4% last year from the previous year.

China's per capita disposable income stood at 35,128 yuan (about 5,523 US dollars) in 2021, up 9.1% year on year in nominal terms, data from the National Bureau of Statistics showed Monday.