DESPITE intensifying external headwinds and rising domestic pressures, China’s economy maintained growth momentum in 2024. This resilience is attributed to the country’s efforts to promote high-quality development while deepening reform and open up, as it takes solid steps towards achieving Chinese modernization. The following are some notable facts and figures released by the National Bureau of Statistics on Friday.
— Gross domestic product (GDP) grew five per cent year on year to hit 134.91 trillion yuan (about US$18.81 trillion), while the per capita GDP rose 5.1 per cent year on year to 95,749 yuan.
— The tertiary industry accounted for 56.7 per cent of GDP, while final consumption expenditure drove GDP growth by 2.2 percentage points.
— A total of 12.56 million jobs were created in urban areas, up 120,000 from the previous year, and the surveyed urban unemployment rate stood at 5.1 per cent.
— China’s per capita disposable income was 41,314 yuan, up 5.3 per cent year on year in nominal terms.
— New quality productive forces saw steady development, with the output of new energy vehicles soaring 38.7 per cent year on year to 13.17 million units, while the production of service robots increased by 15.6 per cent from the previous year.
— The number of new foreign-funded companies on the Chinese mainland totaled 59,080, expanding by 9.9 per cent year on year.
Xinhua
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