China's economy has demonstrated remarkable resilience under its 14th Five-Year Plan (2021-2025), with GDP expanding from 110 trillion yuan ($15.4 trillion) in 2021 to a projected 140 trillion yuan by 2025. This sustained growth, averaging 5.5% annually through 2024, underscores the country's pivotal role in stabilizing global economic momentum amid geopolitical uncertainties.
New data reveals China contributed approximately 30% of worldwide economic growth during this period – equivalent to adding an economy the size of Switzerland's GDP annually. Analysts attribute this performance to strategic investments in green energy, advanced manufacturing, and digital infrastructure, which now account for over 40% of industrial output.
While export growth moderated in 2023, domestic consumption emerged as a key driver, with retail sales expanding 7.2% year-on-year in Q1 2024. The services sector now represents 54% of economic activity, signaling successful structural reforms. International institutions have revised 2025 growth forecasts upward to 5.1%, citing improved consumer confidence and technological breakthroughs in AI and renewable energy sectors.
