China's economy is on a roll! 📈 In 2024, the nation achieved a remarkable 5% growth in its gross domestic product (GDP), placing it among the world's fastest-growing major economies. This impressive boost continues to fuel around 30% of global economic growth, as highlighted in a recent government work report 📝 submitted to the national legislature.
Stability was the name of the game this year. The Chinese mainland maintained overall stable operations throughout 2024, successfully meeting its key economic and social development goals. Employment figures were solid too, with 12.56 million new urban jobs created and the urban unemployment rate holding steady at an average of 5.1%. Prices remained under control, with the consumer price index rising just 0.2% 📊.
The report also spotlighted progress in enhancing people's well-being. Per capita disposable income saw a 5.1% increase last year, bringing a boost to many households across the region. These positive developments highlight China's ongoing efforts to sustain growth and improve the quality of life for its residents.
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China's economy grows by 5% in 2024, employment and prices stable
cgtn.com
