Core Viewpoint - The article highlights the significant economic growth expected in China during the "14th Five-Year Plan" period, with an estimated economic increment exceeding 35 trillion yuan, showcasing the country's resilience and contribution to global economic growth [1][9]. Economic Growth and Contributions - China's economic increment during the "14th Five-Year Plan" is projected to exceed 35 trillion yuan, with an average economic growth rate of 5.5% from 2021 to 2024 [2][11]. - By the end of 2024, China's total economic output is expected to reach approximately 140 trillion yuan, marking a substantial increase from previous years [9][10]. - China has maintained a contribution rate of around 30% to global economic growth, emphasizing its role as a major player in the world economy [11]. Domestic Demand and Consumption - Domestic demand is projected to contribute an average of 86.4% to economic growth from 2021 to 2024, with final consumption accounting for an average contribution rate of 56.2%, an increase of 8.6 percentage points compared to the "13th Five-Year Plan" period [12][13]. - Investment in high-tech industries has consistently outpaced overall investment growth, reflecting a strategic focus on optimizing supply structures [13][14]. Social and Economic Indicators - The number of private enterprises has increased by over 40% compared to the end of the "13th Five-Year Plan," reaching more than 58 million [16]. - The average life expectancy in China has risen to 79 years, indicating improvements in public health and living standards [16]. - The cumulative reduction in energy consumption per unit of GDP over four years is 11.6%, equivalent to a decrease of 1.1 billion tons of carbon dioxide emissions [16]. Infrastructure and Employment - The logistics cost savings for society are projected to exceed 400 billion yuan by 2024, with an additional expected savings of around 300 billion yuan this year [16]. - Urban employment has remained stable, with over 12 million new jobs created annually since the beginning of the "14th Five-Year Plan" [16].

Core Viewpoint - The article discusses the significant economic growth and achievements of China during the "14th Five-Year Plan" period, highlighting the expected economic increment and the contributions of domestic demand to overall growth [2][4]. Economic Growth - The economic increment over the past five years is expected to exceed 35 trillion yuan, with the total economic volume projected to reach around 140 trillion yuan by the end of this year [2][4]. - This increment is comparable to recreating the "Yangtze River Delta" or the combined economic volume of Guangdong, Jiangsu, and Shandong provinces, which are the top three provinces in terms of economic output [3]. Contribution of Domestic Demand - Domestic demand has contributed an average of 86.4% to economic growth from 2021 to 2024, emphasizing the importance of a strong domestic market for a stable economy [5]. - Final consumption has accounted for an average contribution of 56.2% to economic growth, which is an increase of 8.6 percentage points compared to the "13th Five-Year Plan" period [6]. Investment Trends - Investment has contributed an average of 30.2% to economic growth, focusing on optimizing supply structure and enhancing long-term development [7]. - High-tech industry investments have consistently outpaced overall investment growth, indicating a shift towards more advanced sectors [7]. Social and Economic Progress - The article highlights the progress in various social and economic goals, including the establishment of a unified national market and the increase in the number of private enterprises to over 58 million, a growth of more than 40% since the end of the "13th Five-Year Plan" [9]. - The reduction of energy consumption per unit of GDP by 11.6% over four years reflects China's commitment to its "dual carbon" goals, equating to a reduction of 1.1 billion tons of CO2 emissions [9]. Infrastructure and Employment - The logistics costs have been reduced by over 400 billion yuan, with an additional expected savings of around 300 billion yuan this year, showcasing improvements in infrastructure efficiency [10]. - The annual urban employment has remained stable at over 12 million, contributing to relatively full employment in a country with a population exceeding 1.4 billion [10].

Core Viewpoint - The Governor of Bank Indonesia emphasizes the need to strengthen domestic economic growth to mitigate the impacts of U.S. tariffs [1] Group 1 - The Indonesian central bank is focusing on enhancing economic resilience in response to external pressures, particularly from U.S. trade policies [1] - Strengthening domestic growth is seen as a crucial strategy to counterbalance the adverse effects of tariffs imposed by the United States [1]

Global Economy and Inflation - Global economic activity is on the rise, with the Baltic Dry Index (BDI) averaging 791.6 points as of February 14, 2025, an increase of 17.60 points from the previous week [3][14] - The CRB Commodity Price Index averaged 312.46 points during the same period, up by 4.23 points week-on-week, indicating rising inflation levels [3][18] Domestic Economy and Inflation - China's official manufacturing PMI for January 2025 is at 49.1%, down 1.0 percentage points from the previous month, indicating a contraction in manufacturing activity [4][23] - The average price of pork in China was 28.24 yuan per kilogram as of February 6, 2025, a decrease of 0.06 yuan from the previous week, reflecting stable inflation [4][31] Industrial Production - The operating rate of high furnaces in China was 78% as of February 14, 2025, unchanged from the previous week, indicating stable industrial production [5][39] - The operating rate for rebar in major steel mills increased by 0.64 percentage points to 34.76% [5][40] Consumption - Essential goods consumption remains stable, with the Keqiao Textile Price Index at 104.07 points as of January 27, 2025, down 0.24 points from the previous week [6][52] - The average daily sales of passenger cars in China decreased to 24,400 units as of February 9, 2025, down by 40,700 units from the previous week, indicating a decline in discretionary spending [6][57] Investment - Real estate transactions in 30 major cities averaged 164,900 square meters per day as of February 16, 2025, an increase of 71,000 square meters from the previous week [7][61] - The operating rate of PTA in China was 82.33% as of February 13, 2025, up by 1.04 percentage points, indicating a strengthening manufacturing sector [7][43] Exports - The export container freight index was 1,387.16 points as of February 14, 2025, down by 27.87 points, reflecting a slight decline in export activity [8][75] - The foreign trade cargo throughput at major Chinese ports was 18,710.3 million tons for the week ending February 9, 2025, an increase of 3.46 million tons from the previous week [8][76] Emerging Industries - The Philadelphia Semiconductor Index reached an average of 5,114.15 points as of February 14, 2025, an increase of 95.19 points, indicating a rising sentiment in the semiconductor sector [9][78] - The production of integrated circuits in China for the year ending December 2024 was 45,142,296.5 million pieces, up 22.20% year-on-year, reflecting strong growth in the electronics sector [9][83]