China's GDP grew 5% in 2024, matching its annual target, according to official data released Friday. The economy reached 134.91 trillion yuan ($18.41 trillion), with Q4 growth hitting 5.4%—the strongest since mid-2023.
💡 Policy Wins & Sector Surges
Key measures like boosting domestic demand, stabilizing real estate, and tech investments fueled this rebound. Industrial production jumped 5.8%, while high-tech manufacturing soared 8.9%—think robotics and green energy! 🛠️
🛍️ Consumers & Trade Keep Momentum
Retail sales rose 3.5%, with online shopping spiking 7.2% (Amazon who?). Foreign trade grew 5%, led by Belt and Road partners (+6.4%).
🔮 What’s Next?
NBS Commissioner Kang Yi called for continued focus on \"high-quality development,\" signaling more innovation-driven policies ahead. For global markets, this growth offers stability—and opportunities. 💼
