Chinese Premier Li Qiang delivered an upbeat message about the nation’s economic future at the 2024 China Development Forum in Beijing, emphasizing innovation, sustainability, and global collaboration.
Economic Momentum ‘Strengthening’
Premier Li noted China’s GDP grew 5.2% in 2023, surpassing 126 trillion yuan ($17.6 trillion). He highlighted the country’s role as a global growth engine, contributing ~30% to worldwide expansion. Spring Festival data showed 474M domestic trips and 630B yuan in tourism spending — a ‘vibrant snapshot’ of consumer confidence.
Tech & Green Transition Accelerate
Strategic industries now make up 13% of GDP vs. 7.6% a decade ago. With 50T yuan in digital economy activity and 24 top global tech hubs, Li stressed China’s shift toward high-quality growth: ‘New technologies are driving global green development.’ Half of 2023’s new renewable energy projects? Made in China.
Roadmap for the Future
Li outlined plans to boost domestic demand, build modern industries, and deepen reforms. Foreign investment restrictions in manufacturing will be lifted, and a ‘market-oriented, law-based environment’ prioritized. World Bank and IMF leaders joined 400+ global attendees, reinforcing the forum’s role as a bridge for international dialogue.
Economic Momentum ‘Strengthening’
He highlighted the country’s role as a global growth engine, contributing ~30% to worldwide expansion. Spring Festival data showed 474M domestic trips and 630B yuan in tourism spending — a ‘vibrant snapshot’ of consumer confidence. 
With 50T yuan in digital economy activity and 24 top global tech hubs, Li stressed China’s shift toward high-quality growth: ‘New technologies are driving global green development.’ Half of 2023’s new renewable energy projects? Made in China. 
Roadmap for the Future
Foreign investment restrictions in manufacturing will be lifted, and a ‘market-oriented, law-based environment’ prioritized. World Bank and IMF leaders joined 400+ global attendees, reinforcing the forum’s role as a bridge for international dialogue. 
