China's economy is expected to have expanded around 5 percent in 2024, President Xi Jinping said on Tuesday. At a New Year's event,

China's 2024 gross domestic product (GDP) is expected to exceed 130 trillion yuan ($17.8 trillion), President Xi Jinping said on Tuesday in his New Year's address, adding that the country would implement more proactive policies to promote growth in 2025.

China's gross domestic product expanded by about 5% in 2024, President Xi Jinping said, offering a further sign that a barrage of policy measures late in the year helped lift the world's second-largest economy to meet official targets.