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China top contributor to world economic growth

(Xinhua)
Updated: 2009-10-03 10:05

BEIJING: China contributed 19.2 percent of the world economic growth in 2007, up from 2.3 percent in 1978, a report by the National Bureau of Statistics (NBS) has said.

It said China tops the world in contribution to the global economic growth.

The report was the 18th by the NBS. It showcased the improving international status and influence of new China over years of development.

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According to the NBS, China's gross domestic product (GDP) was $30 billion in 1952, more than doubling by 1960, and reached $3.86 trillion in 2008.

China had also become the world's third largest economy in 2008 by accounting for 6.4 percent of the global GDP.

Meanwhile, the country's gross national income (GNI) per capita has been catching up with the world average. The GNI per capita was 10.1 percent of the world average in 1978, and 32.3 percent in 2008.

In terms of GNI per capita ranking among 209 countries and regions by the World Bank, China was 130th in 2008 at $2,770, up 15 places compared $750 in 1997.