Core Insights - China's economy achieved an average growth rate of 5.5% during the first four years of the 14th Five-Year Plan, contributing approximately 30% to global economic growth, establishing itself as a "stabilizer" for global development [1][2] - The economic scale is projected to cross four significant thresholds, with GDP per capita expected to rise from 73,000 yuan at the end of the 13th Five-Year Plan to 96,000 yuan by 2024, with hopes of surpassing 100,000 yuan this year [1][2] - The focus on technological innovation is driving industrial upgrades, with high-tech manufacturing value expected to increase by 42% compared to the end of the 13th Five-Year Plan [2] Economic Performance - The external environment has been complex and challenging, yet effective macroeconomic policies have been implemented to stabilize the economy and optimize its structure [3] - A more proactive fiscal policy is proposed for 2025, with an increase in the deficit ratio to 4%, alongside moderately loose monetary policy to maintain reasonable liquidity [3] - A package of incremental policies was introduced to address economic downward pressure, significantly boosting social confidence and leading to a noticeable economic rebound [3] Innovation and Green Development - Significant advancements in innovation are evident, with domestic AI models and other emerging technologies gaining traction, marking a shift from quantity to quality in various sectors [2] - China has contributed to one-fourth of the global increase in greening, with a robust clean energy system where one-third of electricity comes from renewable sources [2] - The energy consumption per unit of GDP has decreased by 11.6% over four years, positioning China as one of the fastest countries in terms of energy intensity reduction [2] Social Welfare and Security - The country has established the world's largest education, social security, and healthcare systems, with notable improvements in key indicators such as life expectancy, which has reached 79 years [2] - The foundations for food, energy, industry, and national defense security have been further solidified, enhancing the ability to respond to various risks and challenges [2][4] Future Outlook - China's economic foundation is strong, with multiple advantages including a unique socialist system, a vast market, a complete industrial system, and abundant talent resources, setting the stage for continued rapid economic growth and long-term social stability [4]
中国经济微观察 年均增长5.5% 中国成为全球发展“稳定器”
Ren Min Wang·2025-11-10 01:52