China's economy demonstrated remarkable resilience during the 14th Five-Year Plan period (2021-2025), with total output projected to expand by over 35 trillion yuan ($4.89 trillion) – equivalent to adding a mid-sized economy's GDP annually. National Development and Reform Commission head Zheng Shanjie revealed Wednesday that annual growth averaged 5.5% from 2021-2024, defying global economic headwinds.
The innovation-driven strategy shows tangible results, with research and development spending soaring nearly 50% between 2020-2024. This sustained investment positions China at the forefront of emerging technologies, from renewable energy systems to advanced manufacturing.
Analysts note these figures underscore China's economic rebalancing toward high-quality development. The growth trajectory creates opportunities for international businesses in green tech partnerships and supply chain integration, while offering researchers valuable insights into state-driven development models.
