China by the Numbers

While the economy is slowing, there's still plenty of demand

Shoppers walk along a shopping street in Beijing, China.

Tomohiro Ohsumi/Bloomberg

China's Premier Li Keqiang Thursday announced a slower economic growth target of about 7% for 2015. Is that bad news for the world?

Some of the other numbers detailed in his 39-page work report suggest there's still plenty of demand stemming from the world's second-largest economy. Here are a few:

The number of broadband Internet users exceeded 780 million, more than the populations in the euro area and U.S. combined.

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An extra 230,000 kilometers (142,915 miles) of roads were built or upgraded in rural areas -- that's longer than five times the circumference of the earth at the equator.

An additional 8,427 kilometers of rail lines were put into operation and the length of high-speed rail up and running reached 16,000 kilometers -- that's now more than 60 percent of the world's total.

Construction started on 7.4 million government-subsidized housing units. If we estimate three people in each, that could house every man, woman and child in Australia.

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The number of people living in poverty in rural areas was reduced by 12.32 million last year -- that's more than the population of Greece.

More than 66 million additional people gained access to safe drinking water -- matching France's population.

Farmland under water-saving irrigation increased by 2.23 million hectares -- bigger than Israel's land mass.

The number of newly-registered market entities reached 12.93 million.

This year, the number of college graduates will reach 7.49 million -- almost Switzerland's entire population.

And guess what: There's still "ample room for growth," Li said.

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