Core Viewpoint - The "14th Five-Year Plan" has achieved significant progress and transformative changes, establishing China as a stable and reliable force in global development [1] Economic Strength - During the "14th Five-Year Plan," China's GDP has consistently crossed milestones of 110 trillion, 120 trillion, and 130 trillion yuan, with an expected reach of around 140 trillion yuan this year, contributing over 30% to global economic growth [2] - The average economic growth rate over the first four years of the "14th Five-Year Plan" was 5.5%, showcasing resilience amid various challenges [2] - China remains the world's largest manufacturing power, goods trading nation, and foreign exchange reserve holder, with the largest middle-income group and social security system [2] Domestic Demand - Domestic demand has been the main driver of economic growth, contributing an average of 86.4% to economic growth during the first four years of the "14th Five-Year Plan" [3] - Final consumption contributed an average of 56.2% to economic growth, an increase of 8.6 percentage points compared to the "13th Five-Year Plan" [3] - Investment has played a crucial role in optimizing supply structure, with high-tech industry investment growth outpacing overall investment growth [3] Security Foundations - The security foundations in food, energy, industry, and national defense have been strengthened, with food production achieving a record of 1.4 trillion jin [4] - China has built the world's largest power infrastructure system, with a power generation capacity accounting for one-third of the global total [4] - The energy self-sufficiency rate remains above 80%, ensuring energy supply for over 1.4 billion people [4] Green Development - China's forest coverage rate has increased to over 25%, contributing to a quarter of the world's new greening area [5] - Air quality has improved, with the proportion of days with good air quality stabilizing at around 87% [5] - The scale of renewable energy generation has surpassed that of coal, establishing the largest clean power generation system globally [5] Innovation and Technology - R&D expenditure is expected to grow by nearly 50% by 2024 compared to the end of the "13th Five-Year Plan," reaching an increase of 1.2 trillion yuan [7] - China has the largest R&D workforce globally and leads in the number of high-tech enterprises, with over 460,000 [7] - The production of integrated circuits is projected to increase by 72.6%, adding approximately 190 billion units [9] Institutional Advantages - The welfare of the population has improved, with stable participation rates in education, healthcare, and social security systems [10] - The business environment has improved, with significant reductions in restrictions on foreign investment and an increase in the number of private enterprises [11] - China's commitment to global green development and cooperation has expanded, with a reduction of 11.6% in energy consumption per unit of GDP over four years [12]

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]