As China's 14th Five-Year Plan (2021-2025) approaches its conclusion, the nation reports transformative achievements in economic resilience, technological innovation, and sustainable development. National Development and Reform Commission head Zheng Shanjie hailed the period as one of 'pioneering progress and historic achievements,' positioning China as a cornerstone of global economic stability.
Economic Powerhouse
China's economy is projected to expand by over 35 trillion yuan ($4.89 trillion) during this planning cycle, accounting for 30% of annual global growth. With an average annual GDP increase of 5.5% from 2021-2024, the world's second-largest economy has demonstrated remarkable stability despite geopolitical uncertainties.
Domestic Momentum
Domestic demand drove 86.4% of economic growth, while consumer spending contributed 56.2% – an 8.6 percentage point increase from the previous five-year period. This shift underscores the growing strength of China's 1.4 billion-strong consumer market and its successful economic rebalancing strategy.
Strategic Transformation
The plan prioritized high-quality development through technological self-reliance and green transition initiatives. Breakthroughs in semiconductors, renewable energy, and advanced manufacturing have positioned Chinese industries for global leadership while supporting climate goals.
