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China revises up 2023 GDP, sees little impact on 2024 growth
Financial Express Kochi
|December 27, 2024
POLICYMAKERS PLEDGE MORE STIMULUS TO KEEP GROWTH STABLE IN 2025
CHINA REVISED UPWARDS on Thursday the size of its economy by 2.7%, but said the change would have little impact on the country's growth this year, as policymakers pledged more stimulus to spur expansion in 2025.
Policy support late this year has set the world's second-largest economy on track for a growth target of "around 5%" as activity warmed slightly, but challenges such as potential US tariff hikes under Trump 2.0 still weigh on prospects for next year.
Gross domestic product (GDP) in 2023 was raised by 3.4 trillion yuan to 129.4 trillion ($17.73 trillion), Kang Yi, the head of the National Bureau of Statistics, told a press conference, while releasing the fifth national economic census.
This story is from the December 27, 2024 edition of Financial Express Kochi.
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