5% growth! China's GDP will surpass the 140 trillion yuan mark by 2025!

The National Bureau of Statistics released data on January 19, indicating that during the "14th Five-Year Plan" period, China's economic aggregate achieved a "four-consecutive-leap", successively reaching the stages of 110 trillion yuan, 120 trillion yuan, 130 trillion yuan, and 140 trillion yuan.

From a horizontal perspective, China's contribution to global economic growth this year is expected to reach around 30%, making it the most stable and reliable driving force for global economic growth.

In the past extraordinary year, China's economy has overcome difficulties, adapted to changes, and strived for new progress and excellence. New achievements have been made in high-quality development, and the main goals and tasks of economic and social development have been successfully achieved.

The chassis is more solid and resilient.

Such a large economic volume corresponds to tangible productivity. China's grain output has stabilized at 700 million tons for two consecutive years. The added value of the manufacturing industry has ranked first in the world for 16 consecutive years. The added value of the service industry has increased to 57.7% of GDP. China boasts the world's largest and most extensive network infrastructure. All these constitute a solid foundation and strong support for us to resist risks and achieve steady and long-term progress.

During the "14th Five-Year Plan" period, China's economy grew at an average annual rate of 5.4%, significantly outpacing the world average and continuing to lead among major global economies. Despite significant disruptions to the global economic and trade order, China pierced through the fog and emerged as a key trading partner for over 150 countries and regions. In 2025, the total import and export value of goods trade surpassed the 45 trillion yuan threshold for the first time, positioning China to maintain its status as the world's largest trading nation in goods trade.

"Strive for new heights and excellence, and accumulate steadily for breakthroughs."

This year, China's innovation index ranking entered the top ten globally for the first time, with an R&D expenditure intensity of 2.8%, surpassing the average level of OECD countries for the first time.

From the successful maiden flight of the "Jiutian" unmanned aerial vehicle to the "star-chasing" journey of Tianwen-2, from the official commissioning of the first electromagnetic catapult aircraft carrier to the "China Speed" set by the CR450 multiple unit train, China has been making frequent achievements in major national projects, with a surge of original and disruptive innovations, and its technological prowess has been continuously enhancing.

The low-altitude economy is "spreading its wings and soaring high," embodied intelligence is "thinking swiftly and acting skillfully," and industries are gathering momentum towards new forces. The domestic sales of new energy vehicles account for more than 50% of new car sales, and the production of civilian drones and industrial robots has increased by 37.3% and 28% respectively compared to the previous year... Emerging fields such as high-end equipment, green energy, and intelligent manufacturing continue to invest in expansion, and the integrated development of technological innovation and industrial innovation has yielded fruitful results.

Vitality springs up, warmth always lingers.

The total retail sales of consumer goods exceeded 50 trillion yuan for the first time, marking a 3.7% increase from the previous year. This year, there were more new experiences in "buying, buying, buying". Retail sales of new retail models such as unmanned stores and warehouse membership stores maintained double-digit growth. Digital technologies such as artificial intelligence were deeply integrated into consumption scenarios. The silver economy, ice and snow economy, and first-mover economy continued to heat up.

The per capita disposable income of residents nationwide increased by 5.0% compared to the previous year, with the urbanization rate reaching 67.89%. Positive progress has been made in livelihood issues such as elderly care, childcare, and healthcare. More equitable and accessible basic public services address direct and practical concerns, and effective social security measures ensure that the happiness and prosperity of people's lives continue to flourish.

This year marks the beginning of the 14th Five-Year Plan period. China's economic foundation is solid, its advantages numerous, its resilience strong, and its potential vast. The long-term supportive conditions and basic trends for sustained growth remain unchanged. Practice has proven that the giant ship of China's economy can withstand the test of winds and waves, even violent storms, and will surely sail to even broader horizons.

Planner: Chen Fang

Reporter: Huang Yao

Coordinators: Yang Liping, An Bei

Produced by the Domestic Department of Xinhua News Agency