Despite facing a backdrop of global economic challenges, including monetary policy tightening and rising risks of unilateralism and protectionism, China's economy continues to demonstrate resilience and strength.
In 2023, China's gross domestic product (GDP) grew by 5.2 percent year on year to reach 126.06 trillion yuan ($17.71 trillion), according to data released by the National Bureau of Statistics (NBS). This growth has consistently contributed more than 30 percent to world economic growth for several years, solidifying China's position as the largest engine of global economic expansion.
While some Western media and think tanks have portrayed China's economic outlook as faltering, aiming to undermine investor confidence and capitalize on global economic sluggishness, the reality tells a different story. China's economic might remains unshakable, continuing to be a pivotal force in driving global prosperity.
As the world navigates through economic uncertainties, China's stable growth offers opportunities for international collaboration and investment, reaffirming its critical role in the global economy.
Reference(s):
cgtn.com
