CCTV News: On the morning of January 17, the National Bureau of Statistics released the 2024 economic operation data. Overall, the economic operation has been stable and progressing, and the main development goals have been successfully achieved. Let’s look at the data in detail.

According to preliminary calculations, the GDP of the whole year in 2024 was 1,349084 billion yuan, an increase of 5.0% over the previous year at the unchanged price. Grain production has reached a new level, with the total grain output for the whole year 706.5 million tons, an increase of 1.6% over the previous year. Industrial production has grown well, with the national added value of industrial enterprises above designated size increasing by 5.8% over the previous year, among which equipment manufacturing and high-tech manufacturing industries grew rapidly. The output of new energy vehicles, integrated circuits and industrial robot products has increased significantly. The service industry continues to grow, with the added value of the service industry increasing by 5.0% over the previous year, and the modern service industry is developing well. Market sales maintained growth, with the total retail sales of consumer goods for the whole year being 487895 billion yuan, an increase of 3.5% over the previous year. Online retail is more active. The national fixed asset investment throughout the year was 51437.4 billion yuan, an increase of 3.2% over the previous year, of which investment in high-tech industries grew rapidly.

Kang Yi, Director of the National Bureau of Statistics, said: "The national economy operates generally smoothly and has made steady progress, and new progress has been made in high-quality development, especially the timely deployment and introduction of a package of incremental policies to promote the effective boost of social confidence and the significant recovery of the economy, and the successful completion of the main economic and social development goals and tasks."

National Bureau of Statistics: In December 2024, the sales prices of commercial housing in first-tier cities rose month-on-month

The latest data released by the National Bureau of Statistics on January 17 showed that in December 2024, among the 70 large and medium-sized cities, the sales prices of commercial housing in first-tier cities rose month-on-month, while the overall decline in second- and third-tier cities narrowed month-on-month; the year-on-year decline in first- and second- and third-tier cities continued to narrow.

Experts: New quality productivity is accelerating its development, and the economic recovery and positive trend continues to increase

The 2024 economic data has been revealed. How do you view this report card? What highlights are the economic operation? Let’s see the expert interpretation.

Experts said that China's economic operation has made steady progress in 2024, and new progress has been made in high-quality development. In particular, new quality productivity is accelerating its development, and the market competitiveness of related products is constantly increasing.

Huang Hanquan, director of the Macroeconomic Research Institute of the National Development and Reform Commission, said: "Under the guidance of scientific and technological innovation, we have made continuous breakthroughs in the fields of artificial intelligence, integrated circuits and quantum technology. We also have exceeded 10 million new energy vehicles throughout the year."

Zhang Xiaojing, director of the Institute of Finance of the Chinese Academy of Social Sciences, said: "New industries, new business forms, new models, and new functions are emerging one after another. Especially intelligent robots, our manufacturing, exports, and outputs are currently in a far leading position in the international market. At the same time, the deep integration of the digital economy and the real economy, and the digitalization, intelligence and green development of traditional industries are all highlights."

From market sales, large-scale equipment updates and consumer goods trade-in policies have achieved remarkable results, and sales of important commodities such as automobiles, home appliances, and home furnishings have rebounded and improved significantly. From the perspective of investment, investment in high-tech fields has maintained rapid growth, injecting new impetus into industrial transformation and upgrading. The economic recovery and positive trend continues to increase.

Huang Hanquan said: "The increase in investment in high-tech fields is much higher than the investment in the entire fixed asset. Stimulated by the 'two-two-new' policy, the investment in industrial tools and equipment accounts for 60% of the entire industrial investment, so this is a great pulling effect, injecting new impetus into promoting the industry's transformation and upgrading to the industrial structure led by high-tech industries."