Growth of 5%! By 2025, China's GDP will cross the 140 trillion yuan mark

Beijing, January 19 (Xinhua) -- According to data released by the National Bureau of Statistics on the 19th, China's gross domestic product (GDP) will reach 1.401879 trillion yuan in 2025, jumping to a new level of 140 trillion yuan for the first time. Calculated at constant prices, it will increase by 5.0% compared to the previous year.

In 2025, facing the complex changes in the domestic and international economic environment, the operation of the national economy will move forward under pressure, move towards innovation and optimization, achieve new results in high-quality development, successfully achieve the main goals and tasks of economic and social development, and successfully conclude the 14th Five Year Plan, "said Kang Yi, Director of the National Bureau of Statistics, at the press conference of the State Council Information Office.

By quarter, the gross domestic product (GDP) grew by 5.4% year-on-year in the first quarter, 5.2% in the second quarter, 4.8% in the third quarter, and 4.5% in the fourth quarter.

Throughout this year, China has remained steadfast in pursuing high-quality development, and the economy has shown a trend towards improvement. By 2025, the proportion of the added value of high-tech manufacturing above designated size to the added value of industrial enterprises above designated size will increase to 17.1%, and the contribution rate of final consumption expenditure to economic growth will exceed 50%. The total import and export volume of goods in our country increased by 3.8% compared to the previous year. The guarantee of people's livelihood is strong and effective, and the per capita disposable income of residents has increased by 5.0% in real terms, synchronized with economic growth.

It should also be noted that the impact of external environmental changes is deepening, the contradiction between strong domestic supply and weak demand is prominent, and there are still many old problems and new challenges in economic development. "Kang Yi said that in the next stage, more proactive macro policies should be implemented to continuously expand domestic demand, optimize supply, optimize increment and activate stock, develop new quality productive forces according to local conditions, deepen the construction of a unified national market, promote the effective improvement of quality and reasonable growth of quantity in the economy, and ensure a good start to the" 15th Five Year Plan ".