2024 was a year in which China’s economy demonstrated strong performance despite challenging internal and external conditions, making significant strides toward high-quality development. Advancements in transportation infrastructure, especially the growth of railway and high-speed train networks, contributed greatly to economic development. By the end of the year, China’s railway network surpassed 162,000 kilometers, with high-speed rail lines reaching 48,000 kilometers, setting new records. Additionally, the Three Gorges Dam’s transportation efficiency reached new heights, strengthening the country’s domestic logistics networks.
There were also notable developments in China’s foreign trade. In the first 11 months of 2024, the total value of imports and exports reached 39.79 trillion yuan, reflecting a 4.9% increase. China successfully achieved both quantitative stability and qualitative growth in foreign trade. Under the Belt and Road Initiative, railway transportation to Central Asia and Europe gained significant momentum. In 2024, the China-Europe Freight Train service reached over 10,000 trips, further strengthening China’s global trade network.
Infrastructure projects also played a critical role during this period. In Guangxi, the launch of the Nanzhu High-Speed Rail accelerated transportation between cities in minority regions, driving economic development. Additionally, significant growth at the North Bay Port further demonstrated China’s enhanced role in global trade routes.
Finally, the Chinese government implemented effective measures to stimulate the consumption market. Policies such as “trade-in for new products” and strategies to boost consumer demand helped revitalize domestic consumption, contributing to economic growth. 2024 stands as a remarkable year, highlighting China’s efforts to integrate with the global economy and its firm commitment to high-quality development.