CCTV News: The National Bureau of Statistics announced the 2024 China Economic Report Card on January 17. In 2024, my country's total economic output reached 134.9 trillion yuan, exceeding 130 trillion yuan for the first time, an increase of 5% over the previous year. How do you view this transcript? What are the highlights of China's economic operation in the past year?
In 2024, my country's total economic output exceeded 130 trillion yuan, which means that my country's economic base is more prosperous. In more than ten years, my country has achieved a historic leap from more than 50 trillion yuan to more than 130 trillion yuan, and its total economic output has remained the second largest in the world. In 2024, my country's economic growth rate ranked among the top among the world's major economies, with economic growth equivalent to the annual economic volume of a medium-sized country. my country's annual contribution to world economic growth remains at around 30%, and continues to become an important driving force for global economic growth.
Kang Yi, director of the National Bureau of Statistics, said that due to many factors, my country's economic growth slowed down in the second and third quarters of 2024, and once faced a situation of great downward pressure on the economy. A package of incremental policies has greatly boosted confidence, stimulated vitality, and promoted economic recovery. In the fourth quarter of 2024, GDP grew by 5.4% year-on-year, 0.8 percentage points faster than the third quarter, making a decisive contribution to the smooth realization of the expected goals for the whole year's economic development.
In 2024, my country's total retail sales of consumer goods and fixed asset investment reached 48.8 trillion yuan and 51.4 trillion yuan respectively. The role of the main driving force of domestic demand has been continuously exerted. From the perspective of consumption, driven by the increased efforts of consumer goods trade-in policy, sales growth of home appliances, automobiles and other commodities has accelerated, which has played a significant role in driving the overall recovery of consumption.
Kang Yi said that new consumption formats such as online sales and instant retail have been continuously making efforts. In 2024, the online retail sales of physical goods increased by 6.5% over the previous year, driving the express delivery business volume to a new historical high.
In 2024, new achievements have been made in high-quality development. my country's global innovation index ranking rose to 11th, making it one of the economies with the fastest increase in innovation in the past decade. At the same time, emerging industries have further grown. In 2024, the added value of high-tech manufacturing above designated size increased by 8.9% over the previous year. Among them, the added value of aerospace and equipment manufacturing, electronics and communications equipment manufacturing, and intelligent consumer equipment manufacturing all achieved double-digit growth. The green and low-carbon transformation continues to deepen. In 2024, the proportion of industrial hydropower, nuclear power, wind power and solar power generation above designated size increased to 32.6%, close to one-third.
Kang Yi said that in general, in 2024, my country's economy overcame various difficulties and challenges brought by the complex internal and external environment, successfully achieved the main expected goals and tasks, promoted the effective improvement of economic quality and reasonable growth in quantity, and the high-quality development was very good, and the results were not easy.
