He Lifeng, the Director of the National Development and Reform Commission (NDRC), said that China has remained the world's second largest economy in 2017.
Last year, China's GDP reached 82.7 trillion yuan, which is the equivalent of over $12.2 trillion at the exchange rate as of January 31, 2017.
Thus, the number is over $7 trillion less than the world's largest economy, the United States, but more than $7 trillion more than the world's third largest economy, Japan.
“China remains the world's second largest economy. It has not been easy.” He Lifeng said.
Per capita GDP has seen an increase of around $900. Lifeng noted that during early years of the reform the goal was to bring GDP to $800 per capita by 2000.
Domestic consumption is expected to contribute about 60% to growth in 2018.
