In 2024, despite global challenges, China’s economy maintained its steady growth. Small and medium-sized enterprises contributed to economic recovery by increasing their production capacity with government support and their own efforts. For instance, an electronics manufacturer in Guangdong modernized its production lines using state incentives and increased its orders by 15% in the second half of the year.
Experts from the China National Information Center’s Economic Forecasting Department point out that the current growth is driven by strong macroeconomic policies, industrial transformation, and comprehensive reforms. In 2024, fixed asset investments grew by 3.2%, while high-tech manufacturing increased by 8.9%. Additionally, China’s global leadership in industrial robotics was further reinforced. Moreover, China’s high-level openness policies under the Belt and Road Initiative contributed to economic growth by expanding trade volume. The goals set for 2025 include boosting domestic demand, accelerating industrial modernization, and strengthening international cooperation within the Belt and Road Initiative framework.
Experts emphasize that ensuring sustainable economic growth in 2025 requires the effective implementation of macroeconomic policies. In particular, increasing investments in infrastructure, accelerating industrial modernization, and enhancing support for innovative technologies remain key priorities.