China's gross domestic product (GDP) accounted for 9.5% of the global total in 2010, almost twice as much as five years earlier, the Chinese government said today.
The percentage was up from 5% in 2005, and China's GDP amounted to 40.2% of that of the United States, compared with 17.9% in 2005, China''s National Bureau of Statistics (NBS) said on its Web site.
China's GDP, or the total value of goods and services produced in an economy, came to USD5.88 trillion last year, compared with USD14.6 trillion for the US The bureau, however, said China's per capita GDP was still at the level of medium-income countries.
Experts estimate that China's per capita GDP reached USD3,400 by the end of 2010. The US per capita GDP is estimated at USD 47,400, more than 10 times larger.
Meanwhile, China's overseas direct investment made up about 5.1% of the world''s total, up from 1.4% in 2005, the NBS said.
The country's overseas investment reached USD 59 billion last year, an increase of 380% from a year earlier.
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