China’s Economy Surges: GDP to Exceed 130 Trillion Yuan in 2024

In his 2025 New Year address on Tuesday, the Chinese President Xi Jinping announced that the Chinese mainland's economy has rebounded strongly in 2024 and is on an upward trajectory. The GDP for the year is expected to surpass the 130 trillion yuan mark, signaling robust growth.

\"We have proactively responded to the impacts of the changing environment at home and abroad. We have adopted a full range of policies to make solid gains in pursuing high-quality development,\" Xi emphasized. He highlighted key areas of focus, including increasing grain output, advancing new urbanization, revitalizing rural areas, and promoting green and low-carbon development.

This strategic approach aims to ensure sustainable economic growth while addressing both domestic and global challenges. By prioritizing high-quality development, China is positioning itself to maintain its economic momentum and continue its role as a major player in the global economy.

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