“十四五”GDP将升至140万亿元，102项重大工程年底完成

Core Insights - The "14th Five-Year Plan" (2021-2025) is nearing completion, with significant achievements in China's economic and social development over the past five years [1][2] - China's GDP is projected to reach approximately 140 trillion yuan this year, with an increase of over 35 trillion yuan, equivalent to recreating the Yangtze River Delta region [1][3] - The average economic growth rate over the past four years has been 5.5%, which is unprecedented for an economy of China's size [1][3] Economic Indicators - The "14th Five-Year Plan" outlines 20 key economic and social development indicators, including GDP growth, labor productivity, urbanization rate, and R&D expenditure growth [2][3] - Specific targets include increasing the average education years of the labor force from 10.8 years in 2020 to 11.3 years by 2025 [3] - The digital economy's core industry value added is expected to reach 10.4% of GDP by 2024, surpassing the 10% target set for 2025 [3] Major Projects and Achievements - A total of 102 major projects have been initiated under the "14th Five-Year Plan," covering areas such as technology, transportation, and energy [4][5] - Significant infrastructure projects include high-speed railways and major airports, with notable achievements in scientific research and technology [5] - The plan has also led to the construction of approximately 780,000 affordable housing units, addressing housing issues for over 20 million people [6] Domestic Demand and Consumption - Domestic demand has been a major driver of economic growth, contributing 86.4% to the average growth rate, with consumption accounting for 56.2% [6] - The past four years have seen a continuous expansion in market consumption, particularly in technology-driven products and services [6] Innovation and R&D - The "14th Five-Year Plan" has emphasized technological innovation, with R&D expenditure expected to reach 2.68% of GDP by 2024, nearing OECD levels [7][8] - The number of innovative drugs in development has reached over 4,000, representing about 30% of the global total [8] Market Reforms - The government has reduced the market access negative list from 151 to 106 items, promoting fair competition and optimizing industrial layout [9] - Significant reforms in the energy sector have led to a market-oriented electricity trading system, with market transactions accounting for 63% of total electricity consumption by 2024 [9][10]