Economic Growth and Consumption - The consumer market in China remains the second largest globally, with an average annual contribution rate of approximately 60% to economic growth [4][9] - The total retail sales of consumer goods are projected to increase from 39.1 trillion yuan in 2020 to 48.3 trillion yuan in 2024, reflecting an annual growth rate of 5.5% [7] - In 2024, the total retail sales are expected to surpass 50 trillion yuan [7] Innovations in Consumption - The ownership of new energy vehicles is expected to grow 5.4 times from 2020 to 2024, indicating a shift towards smart and green consumption [11] - Service consumption is also on the rise, with an average annual growth rate of 9.6% in residents' service consumption expenditure from 2020 to 2024 [11] - Traditional retail is undergoing innovation, with new growth points emerging from "artificial intelligence + consumption" and "IP + consumption" [12] Trade and Foreign Investment - China has maintained its position as the world's largest goods trader for eight consecutive years, with high-tech product exports accounting for 18.2% of total goods trade in 2024 [18][19] - Cumulative foreign investment utilized in China reached 708.73 billion USD by mid-2023, surpassing the target of 700 billion USD for the "14th Five-Year Plan" period [21] - The number of newly established foreign-funded enterprises has increased by 25,000 compared to the previous five-year period [21] Sino-U.S. Trade Relations - In 2024, the trade volume between China and the U.S. is projected to reach 688.3 billion USD for goods and 155.8 billion USD for services, marking growth of 18% and 34.7% respectively since 2017 [22] - Despite challenges, the essence of Sino-U.S. economic relations is characterized by mutual benefit and cooperation [22] - In the first half of the year, China's exports grew by 7.2% despite high tariffs impacting foreign trade [22]
新华社权威速览丨事关消费、外贸外资、中美经贸关系 这场发布会信息量很大
Xin Hua Wang·2025-08-12 06:35