CCTV news: The National Bureau of Statistics announced China’s economic report card for 2024 on January 17. In 2024, my country's total economic output will reach 134.9 trillion yuan, exceeding 130 trillion yuan for the first time, an increase of 5% over the previous year. What do you think of this transcript? What are the highlights of China’s economic performance in the past year?

< /p>

In 2024, my country’s total economic output will exceed 130 trillion yuan, which means that our country’s economy will be more prosperous. In more than ten years, my country has completed a historic jump from more than 50 trillion yuan to more than 130 trillion yuan, and its economic aggregate size ranks second in the world. In 2024, my country's economic growth rate will rank among the best among the world's major economies. The economic increment will be equivalent to the economic volume of a medium-sized country in one year. my country's annual contribution rate to world economic growth will remain at around 30%, and it will continue to become the global economic growth important source of power.

< /p>

Kang Yi, Director of the National Bureau of Statistics, said that due to the impact of many factors, my country's economic growth slowed down in the second and third quarters of 2024, and it was once faced with a situation of great downward pressure on the economy. The 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 economic development goals for the whole year.

< /p>

In 2024, my country’s total retail sales of consumer goods and fixed asset investment will reach 48.8 trillion yuan and 51.4 trillion yuan respectively. The role of domestic demand as the driving force continues to be exerted. From the perspective of consumption, driven by the trade-in policy for consumer goods, the sales growth of home appliances, automobiles and other commodities has accelerated, which has played a significant role in the recovery of overall consumption.

< /p>

Kang Yi said that new consumption formats such as online sales and instant retail continue to develop. In 2024, online retail sales of physical goods will increase by 6.5% over the previous year, driving express delivery business volume to a record high.

< /p>

In 2024, high-quality development achieved new results. my country's global innovation index ranking has risen to 11th, making it one of the economies with the fastest improvement in innovation over the past decade. At the same time, emerging industries have further grown. In 2024, the added value of high-tech manufacturing above designated size will increase by 8.9% over the previous year. Among them, the added value of aerospace and equipment manufacturing, electronic and communication equipment manufacturing, and smart consumer equipment manufacturing have all achieved double-digit growth. The green and low-carbon transformation also continues to deepen. In 2024, the proportion of industrial hydropower, nuclear power, wind power and solar power generation above designated size will increase to 32.6%, nearly one-third.

< /p>

Kang Yi said that overall, in 2024, our country's economy has overcome various difficulties and challenges brought by the complex internal and external environment, successfully achieved the main expected goals and tasks, and promoted the effective improvement of economic quality and reasonable quantity. Growth, high-quality development is full of success, and the achievements are not easy.

< /p>