Economic Growth and Contributions - The GDP of China is expected to reach approximately 140 trillion yuan this year, with a total economic increment of over 35 trillion yuan during the "14th Five-Year Plan" period, equivalent to the total GDP of the top three provinces: Guangdong, Jiangsu, and Shandong in 2024 [2] - Domestic demand has been the main driver of economic growth, contributing an average of 86.4% to the growth over the past four years, with final consumption contributing 56.2% [3][4] Investment Trends - Investment has shifted towards quality, with capital formation contributing 30.2% to economic growth over the past four years [3] - The expansion of market consumption has driven investment in sectors like 5G and smartphones, leading to an average annual growth of 21.9% in internet and related services investment [4] Manufacturing and Infrastructure - China has maintained its position as the world's largest manufacturing power for 15 consecutive years, with over 200 major industrial products produced in the highest quantities globally [5] - The country boasts the largest modern infrastructure network, including highways, high-speed rail, and power grids, which supports rapid economic and social development [5] R&D and Innovation - By 2024, the proportion of R&D expenditure to GDP is projected to reach 2.68%, with total R&D spending increasing to 3.6 trillion yuan, positioning China as the second globally [6] - Key technological advancements include a 72.6% increase in integrated circuit production and significant growth in high-tech manufacturing and digital economy sectors [7] Employment and Income - The urban employment rate has remained stable with over 12 million new jobs created annually during the "14th Five-Year Plan" period, contributing to improved living standards [9] - Income growth for residents has been in sync with economic growth, leading to a reduction in the income gap between urban and rural areas [9] Foreign Investment - From 2021 to May 2023, foreign direct investment in China reached 4.7 trillion yuan, surpassing the total during the "13th Five-Year Plan" period [10] - The government plans to further relax market access and enhance the environment for foreign investment, ensuring fair treatment and support for foreign enterprises [10]
今年经济体量有望达到140万亿元左右
Jin Rong Shi Bao·2025-07-09 06:57