China's economy achieved a notable 5% growth in 2024, positioning it among the world's fastest-growing major economies. This impressive performance continued to drive global economic expansion, contributing approximately 30% to worldwide growth, according to a government work report submitted to the national legislature on Wednesday.
The report highlighted that China maintained overall stable economic operations throughout 2024, successfully accomplishing key goals and tasks set for its economic and social development. Employment and price levels remained steady, with the creation of 12.56 million new urban jobs and an average urban unemployment rate of 5.1%. Additionally, the consumer price index (CPI) saw a modest increase of 0.2%, reflecting economic stability.
Further emphasizing the nation's progress, the report detailed significant advancements in enhancing people's well-being. Per capita disposable income rose by 5.1% last year, underscoring the government's commitment to improving living standards and economic prosperity for its residents.
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China's economy grows by 5% in 2024, employment and prices stable
cgtn.com
