Economic Performance - In 2024, China's GDP reached 13,490.84 billion yuan, growing by 5.0% year-on-year[3] - The quarterly GDP growth rates were 5.3% in Q1, 4.7% in Q2, 4.6% in Q3, and 5.4% in Q4[3] - The industrial value added for 2024 increased by 5.8% compared to the previous year[3] Trade and Exports - In December 2024, China's exports grew by 10.7% year-on-year, up from 6.7% in the previous month, indicating a "grab export" effect[3] - The trade surplus for December 2024 was $10.484 billion, a 40.3% increase year-on-year[3] - For the entire year, exports increased by 5.9% while imports rose by 1.1%[3] Investment Trends - Total fixed asset investment in 2024 was 514,374 billion yuan, a 3.2% increase from the previous year[4] - Real estate development investment fell by 10.6% in 2024, with residential investment down by 10.5%[4] - Infrastructure investment (excluding utilities) grew by 4.4%, with water management investment up by 41.7%[4] Consumer Spending - Retail sales for 2024 totaled 487,895 billion yuan, reflecting a 3.5% increase year-on-year[4] - In December 2024, retail sales reached 45,172 billion yuan, growing by 3.7% year-on-year[4] - The sales of household appliances and audio-visual equipment surged by 12.3% in 2024, indicating strong demand in basic and upgraded consumer goods[4]
宏观周报：四季度GDP超预期 抢出口效应明显
Hua Lian Qi Huo·2025-01-20 06:23