BEIJING, Apr 15 (Xinhua): Steady growth in China has promoted global economic recovery and trade growth, and provided unprecedented opportunities for other countries, according to the National Bureau of Statistics (NBS).
"In recent years, Chinese economic growth held steady at a medium-high rate to become an indispensable engine and anchor for the world economic recovery and sustainable development," the NBS said in a statement.
Calculated with exchange rates of respective years, China's GDP accounted for 14.8 per cent of the world economy in 2016, up from 12.5 per cent in 2013.
China's average annual growth was 7.2 per cent in 2013-2016 calculated with 2010 US dollar prices, noticeably faster than 2.1 per cent for the United States, 1.2 per cent for the eurozone, 1.1 per cent for Japan and 2.7 per cent world growth in the same period.
"China's growth provided a strong engine for world economic growth and contributed more than 30 per cent on average to world growth during the period," the NBS said.
The country's economy was also less volatile than its counterparts.
In 2013-2016, the Chinese economy fluctuated within a range of just 1.1 per centage points, much smaller than the ranges for the above-mentioned countries and regions.
"As the world's second largest economy, China played a crucial role in lowering the risks from world economic volatility with its stable growth," the NBS said.
If China's positive influences were excluded, the world's annual growth would slow by 0.6 per centage points and the fluctuation range might increase by 5.2 per cent, the bureau said.
In 2017, China's economy expanded 6.9 per cent, picking up for the first time in seven years and well above the government annual target of around 6.5 per cent.
As the World Bank estimated world 2017 growth at about 3.0 per cent, China's economy represents some 15.3 per cent in global economy and contributes to about 34 per cent to world growth, NBS said.
At the same time, China is a "pivotal force behind world consumption growth," with around one-fifth of the world's population, it added.
In 2013-2016, China's final consumption contributed an average of 23.4 per cent to world consumption growth, calculated with constant dollar prices, higher than 23 per cent from the United States (US), 7.9 per cent from the eurozone and 2.1 per cent from Japan.
Chinese consumption expanded by an annual rate of 7.5 per cent in the period, faster than 2.4 per cent for the world.
In recent years, China's import demand also rose at a fast pace and contributed significantly to international trade growth and promoted the rebalance of world economy.
The World Bank data showed that the value of goods and services China imported accounted for 9.7 per cent of the global total in 2016, up from 8.4 per cent in 2011, as the country moved to increase imports from other countries.
"China's development has not only brought benefits to Chinese citizens, but also provided development opportunities to all other countries," the bureau said.
The China-proposed Belt and Road Initiative has won extensive support from countries involved, and many developing countries gained from it through extensive consultation, joint contribution and shared benefits.
At present, the initiative is participated in by more than 100 countries and international organisations, with more than 80 having signed cooperation agreements with China.
This year, China marks the 40th anniversary of the reform and opening up policy, which has been behind China's robust growth over the past four decades.
Earlier this week, Chinese leaders unveiled new measures for expanding reform and opening up, including broadening market access, creating a more attractive investment environment, strengthening intellectual property rights and expanding imports.
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