China to Overcome Economic Challenges and Uncertainties in 2025: President Xi
Chinese President Xi Jinping, 2024. X/ @BrdsView
December 31, 2024 Hour: 9:12 am
The Chinese gross domestic product is expected to pass the mark of US$18 trillion in 2024.
On Tuesday, Chinese President Xi Jinping called for the nation to remain confident in the coming year, saying the world’s second largest economy can overcome its challenges and pressure through hard work.
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Set to fully complete its 14th Five-Year Plan in 2025, China will implement more proactive and effective policies, prioritize high-quality development, promote greater self-reliance and strength in science and technology, and maintain sound momentum in economic and social development, Xi said at his New Year message for 2025.
“The Chinese economy now faces some new conditions, including challenges of uncertainties in the external environment and pressure of transformation from old growth drivers into new ones,” he said.
“But we can prevail with our hard work. As always, we grow in the wind and rain, and we get stronger through hard times. We must be confident,” Xi pointed out.
Reviewing China’s footprint in 2024, Xi said the economy has rebounded and is on an upward trajectory, with the national GDP expected to pass the mark of US$18 trillion and the country’s grain output surpassing 700 million tonnes.
He also noted that China has fostered new quality productive forces, and new business sectors, forms and models have kept emerging. For the first time, China has produced more than 10 million new energy vehicles in a year, and breakthroughs have been made in fields including integrated circuit, artificial intelligence and quantum communications.
“With a focus on comprehensive reforms and revitalizing domestic consumption, China aims to stabilize and strengthen its economy. While positive signs in manufacturing offer hope, the effectiveness of these measures will be critical in achieving sustainable growth in the years to come,” Pulse News concluded.
teleSUR/ JF Source: Xinhua – Pulse News
