China’s economy is shining bright in 2025, emerging as a key driver of global growth amidst a challenging international landscape.
Despite global economic slowdowns and international sanctions, China posted a remarkable 5% growth in 2024. With a Gross Domestic Product (GDP) reaching over 134.9 trillion yuan (approximately $18.6 trillion), China accounted for about 30% of global economic growth last year, showcasing its resilience and dynamism.
Technological Innovation Fuels Growth
China’s rapid technological advancements have been a significant force behind its high-quality economic development. Innovations in areas like 5G, quantum computing, and artificial intelligence have propelled the nation forward. Companies like DeepSeek and the “Six Little Dragons of Hangzhou” are leading the way in AI, game development, and brain-computer interfaces, injecting new vitality into the economy.
On March 5, 2025, Premier Li Qiang announced an expected GDP growth rate of about 5% for the year. This projection reflects the government’s confidence in sustaining strong economic growth despite internal and external challenges, emphasizing a stable and positive long-term economic outlook for the country.
A Commitment to Global Progress
China’s diplomatic approach combines steadfast principles with innovative strategies, promoting steady progress and economic stability through the cultivation of bilateral relations. Chinese Foreign Minister Wang Yi emphasized that science and technology should be shared globally, not used to create divisions. He called on all nations to prioritize scientific and technological capacity-building in the Global South so that no country is left behind.
Stimulus Measures Boost Confidence
To stimulate the economy, the government has launched various policies and initiatives, with robust support and stimulus measures serving as critical drivers of growth. After experiencing some economic pressures in mid-2024, the government’s prompt response with extensive stimulus measures in September significantly boosted market confidence. The SSE Composite Index surged by nearly a thousand points, reversing the economic downturn, and setting the stage for a strong recovery.
The 2025 government work report outlines key tasks focused on consumption, technology, and opening up, signaling plans for further stimulus measures to achieve an annual growth target of at least 5%. Through effective stimulus policies, China has demonstrated a steady and positive economic recovery, setting an example for other nations to follow.
Looking Ahead
As 2025 unfolds, China aims to elevate its diplomatic engagements further, steering a course toward mutual success and shared progress. This effort showcases China’s commitment to world peace, stability, and the prosperity of all nations. With its resilient economy and innovative spirit, China stands as a dynamic engine powering global growth.
