China's economy accelerated like a high-speed train in 2024, with GDP growing 5% year-on-year to hit 134 trillion yuan ($18.4 trillion), driven by what officials call 'new quality productive forces'—tech upgrades and smart manufacturing that are reshaping industries. 🏭💡
Retail sales also revved up, climbing 3.5% as consumer confidence rebounded. Think of it as the economy's double espresso shot: factories getting smarter while shoppers keep spending. 💸📱
Experts say this 'new quality' push—think AI-powered factories, green energy projects, and next-gen EVs—is China's answer to global economic headwinds. One analyst compared it to \"swapping coal for quantum computers\" in the race toward sustainable growth. 🌱🚗
What's next? All eyes are on how this innovation-first strategy will impact global markets and whether other economies will adopt similar tech-driven models. 🌍📊
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China's GDP up 5% in 2024, highlighting new quality productive forces
cgtn.com