China’s GDP Grows 5% in 2024, Meeting Annual Target
China’s GDP grew by 5% in 2024, meeting its annual target. Official data reveals robust performance in industrial production, investment, and foreign trade, signaling steady economic recovery.
News & Insights Across Asia
China’s GDP grew by 5% in 2024, meeting its annual target. Official data reveals robust performance in industrial production, investment, and foreign trade, signaling steady economic recovery.
China’s GDP grew by 5% year on year in 2024, meeting the annual target. The economy showed robust performance across various sectors, indicating steady growth despite global challenges.
China’s foreign trade reached $6 trillion in 2024, marking an increase of over two trillion yuan from the previous year and reinforcing its position as the world’s largest trader in goods.
China’s total foreign trade expanded 5% year on year in 2024, reaching a record 43.85 trillion yuan ($6.1 trillion), according to official data released on Monday.
Private enterprises in China have surpassed expectations, accounting for over 55% of the total foreign trade value in the first 11 months of 2024, signaling a significant role in the nation’s high-quality opening up.
China’s Central Economic Work Conference highlights plans to accelerate high-level opening-up to boost foreign trade and investment, focusing on institutional reforms and emerging sectors like digital and green economies.
In the first 11 months of 2024, China’s foreign trade reached 39.79 trillion yuan, marking a year-on-year increase of 4.9%, driven by significant growth in exports and key trading partnerships.
An expert praises China’s foreign trade and highlights the global competitiveness of its ‘new three’ industries—new energy vehicles, lithium-ion batteries, and photovoltaics.
In the first 10 months of 2024, China’s total imports and exports reached a record 36.02 trillion yuan, highlighting the resilience and vitality of its industrial and supply chains amid global challenges.
China introduces new policies to boost foreign trade, supporting small businesses and promoting sustainable growth to strengthen economic momentum and global trade ties.
China has introduced visa-free entry for 29 countries, including France and Germany, to boost international travel and economic ties, according to the Ministry of Foreign Affairs.
China’s total goods imports and exports expanded 5.2% year on year in the first ten months, signaling robust growth in the Chinese mainland’s foreign trade.
China adopts new policy measures to boost foreign trade and enhance elderly care services, aiming to promote steady economic growth and address the challenges of an aging population.
China’s foreign trade grew 5.2% to 36.02 trillion yuan in the first ten months, with exports up 6.7% and imports up 3.2%, highlighting economic resilience and strengthened ties with BRI partners and ASEAN.
Over the past decade, China has witnessed significant growth in GDP and foreign trade volumes, affirming its comprehensive national strength and influencing the global economic landscape.
China’s foreign trade growth continues in 2024’s first three quarters, signaling strong economic momentum despite external challenges. Imports and exports totaled 32.33 trillion yuan, up 5.3% year on year.
China’s foreign trade surged 5.3% in the first three quarters of 2024, surpassing 32 trillion yuan for the first time, driven by robust exports and imports and significant contributions from private enterprises.
Xinjiang Uygur Autonomous Region reports a 30.9% surge in foreign trade in the first eight months of this year, highlighting its growing role in international commerce along the Silk Road Economic Belt.
Xinjiang’s foreign trade surged by 30.9% in the first eight months, reaching 285.32 billion yuan, propelled by the Belt and Road Initiative and expanding international markets.
China’s economy showed steady growth in July, with positive trends in industrial output, retail sales, investment, and foreign trade, according to data from the National Bureau of Statistics.