Story perspectives

China's Economy Grows 5% Amid Ambitious 2025 Targets

1/27/2025

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Summary

Story summary

China's economy expanded by 5% year-on-year, reaching 134.9 trillion yuan ($18.77 trillion) in 2024.
Guangdong Province's GDP exceeded 14.16 trillion yuan, while Zhejiang surpassed 9 trillion yuan.
Provinces have set 2025 GDP growth targets between 5% and 5.5%.
Emphasis is on boosting domestic demand, fostering innovation, and enhancing investment efficiency.
Key projects in Guangdong and Sichuan aim to stimulate consumption and infrastructure growth.

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Story summary

China's economy expanded by 5% year-on-year, reaching 134.9 trillion yuan ($18.77 trillion) in 2024.
Guangdong Province's GDP exceeded 14.16 trillion yuan, while Zhejiang surpassed 9 trillion yuan.
Provinces have set 2025 GDP growth targets between 5% and 5.5%.
Emphasis is on boosting domestic demand, fostering innovation, and enhancing investment efficiency.
Key projects in Guangdong and Sichuan aim to stimulate consumption and infrastructure growth.