In his 2025 New Year address on Tuesday, Chinese President Xi Jinping announced that China\u2019s economy has rebounded in 2024 and is on an upward trajectory, with the nation\u2019s GDP expected to surpass the 130 trillion yuan mark.
“We have proactively responded to the impacts of the changing environment at home and abroad,” President Xi said. “We have adopted a full range of policies to make solid gains in pursuing high-quality development.”
He highlighted the country\u2019s achievements in grain output, new urbanization and rural revitalization, as well as progress in green and low-carbon development. “Our efforts in promoting sustainable growth have yielded significant results, contributing to the well-being of our people and the stability of the global economy,” Xi added.
The President’s address emphasized the importance of innovation and technological advancement as drivers of economic growth. He called on all sectors to continue working diligently to achieve the nation’s development goals. “As we look forward to the future, we must remain committed to reform and opening up, embracing new opportunities and meeting challenges head-on,” he said.
Analysts view China\u2019s economic rebound as a positive signal for global markets. The projected GDP growth reflects the country’s resilience and adaptability in the face of global uncertainties. Business professionals and investors worldwide are closely monitoring China\u2019s economic trends, considering the potential impacts on international trade and investment.
President Xi concluded his address with an expression of confidence in the nation’s path ahead. “United in purpose, we will strive to build a prosperous society and contribute to a shared future for humanity,” he stated.
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President Xi says China's rebounding economy on upward trajectory
cgtn.com
