🌟 **China's economy** proved to be a beacon of resilience and dynamism in 2024, posting an impressive **5% growth** despite global economic sluggishness and US sanctions. With a GDP reaching **134.9 trillion yuan** (over $18.6 trillion), China contributed about **30% of the global economic growth**, solidifying its role as a key driver of the world economy.
🔬 The **high-tech industries** played a crucial role in this growth, pushing manufacturing towards the mid-to-high end of the industrial and value chains. The added value of the high-tech manufacturing sector saw an **8.9% year-on-year increase**, accounting for **16.3%** of the total added value in these sectors.
💼 Meanwhile, the **service sector** thrived with innovative business forms and models, boosting its share of GDP to **56.7%**. This surge was driven by the rise of the **debut economy, silver economy,** and the **ice-and-snow economy**, showcasing China's ability to adapt and innovate.
📈 Looking ahead to 2025, Premier **Li Qiang** announced an expected GDP growth rate of about **5%**, reflecting the government's confidence in sustaining strong economic momentum despite facing both internal and external challenges. This projection emphasizes a **stable and positive long-term outlook** for China's economy, as it continues to inject stability into the volatile global market.
🌐 As China moves forward, its robust economic trajectory promises to keep it at the forefront of global growth, inspiring young professionals, entrepreneurs, and enthusiasts around the world.
Reference(s):
China's economy: A dynamic and resilient engine for global growth
cgtn.com
