In 2025, China's gross domestic product will reach 140.19 trillion yuan, which is a historically high figure. This information was announced at a press conference following the sessions of the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC).
According to Liu Jiangping, the Chinese ambassador to Kyrgyzstan, the average annual growth rate of the economy is 5.4%, while last year it was about 5%. These figures significantly exceed the global averages.
“Despite structural changes in the global economy, as well as existing risks and challenges, China continues to demonstrate resilience and potential. In the transition to a model of high-quality development, China's contribution to global economic growth is about 30%, which is more than the combined contribution of all G7 countries. This makes China a reliable and stable source of global growth. At the same time, the quality of economic development is also steadily improving. New sectors, such as electric vehicle manufacturing, as well as photovoltaic and wind energy, are leading in terms of production scale and innovation. In addition, the largest communication infrastructure in the world with the widest coverage has been created. All of this contributes to a new impetus for high-quality economic development,” noted Liu Jiangping.
