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The Chinese Mainland’s GDP Surges 5% in 2024, Fueled by New Productive Forces

The Chinese mainland's new quality productive forces served as a driving force in last year's economic growth. Official data shows the Chinese mainland's GDP in 2024 increased by 5 percent from 2023, topping 134 trillion yuan ($18.40 trillion). The total retail sales of consumer goods also saw a significant rise, increasing by 3.5 percent.

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