China's Economic Growth in 2024

China's economy achieved a 5% growth in 2024, meeting its growth target despite external pressures and domestic challenges. Officials reported that the gross domestic product reached a record 134 trillion yuan, with varying increases across sectors: the primary industry up 3.5%, the secondary industry by 5.3%, and the tertiary industry by 5%. In particular, the nation's economy started strong in the first quarter with a 5.4% increase, but faced difficulties in the subsequent quarters, prompting the government to implement measures to boost consumption and production. Despite these challenges, China remains focused on achieving high-quality development and aims to stabilize market expectations to enhance economic recovery in 2025.