China’s GDP increases by 5.0% in 2024, achieving government target | Reuters

China’s GDP increases by 5.0% in 2024, achieving government target | Reuters
China’s GDP increases by 5.0% in 2024, achieving government target | Reuters

On January 17, China’s National Bureau of Statistics announced that gross domestic product (GDP) for the fourth quarter of 2024 increased by 5.4% compared to the same period last year. The photo was taken in February last year in Beijing (2025 Reuters/Florence Lo)

[北京 17日 ロイター] – China’s National Bureau of Statistics announced on the 17th that the gross domestic product (GDP) for the fourth quarter of 2024 increased by 5.4% compared to the same period last year. This was significantly higher than the 5.0% growth predicted by Reuters, and the highest level since the second quarter of 2023.

The growth rate for the whole of 2024 was 5.0%, achieving the government’s target of around 5%. Analysts had expected growth of 4.9%.

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Fourth quarter GDP increased by 1.6% compared to the previous quarter. The forecast was for a 1.6% increase.

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