China's projected economic growth from 2021 to 2025 is anticipated to surpass 35 trillion yuan, according to an official announcement
In the heart of Beijing, China, on July 9, 2025, the China State Council Information Office held a press conference to update the world on the country's progress in achieving targets set during the 14th Five-Year Plan period (2021-2025). The event was attended by various media outlets, including international media, and was broadcasted live to a global audience.
Zheng Shanjie, head of the National Development and Reform Commission, presented key achievements in social and economic development during the period. The highlights included resilient economic growth, significant contributions to global economic expansion, advancements in green transition, stable labor market conditions, and expanded opening up of the economy.
China’s economic increment was projected to exceed 35 trillion yuan (about 4.89 trillion U.S. dollars), with an average annual growth rate of 5.5 percent from 2021 to 2024, despite pandemic and trade challenges. Urban job creation exceeded 12 million annually, underscoring stable livelihood improvements. Energy consumption per unit of GDP fell by 11.6%, reducing carbon emissions by approximately 1.1 billion tonnes, reflecting progress in environmental sustainability.
Other economic achievements include steady industrial upgrades, widening of opening-up policies, and robust tax revenue growth expected to surpass 85 trillion yuan during the five-year span. Tax and fee reduction policies cumulatively saved 10.5 trillion yuan for businesses and individuals, fostering technological innovation, advanced manufacturing, and supporting the private sector as well as small and medium enterprises.
China also consolidated its position as the world’s second-largest consumption market and biggest goods trader, with improvements in the business environment attracting foreign investment and reinforcing its role as a global economic engine.
The press conference continued with a question and answer session with the media, emphasizing the quality and sustainability of China's development during the 14th Five-Year Plan period. The event served to showcase China's progress and commitment to its development goals, marking a significant milestone in the country's ongoing journey towards economic growth and global influence.
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- The resilient economic growth, significant contributions to global economic expansion, and robust tax revenue growth in China during the 14th Five-Year Plan period were key achievements in the country's business sector.
- The advancements in green transition, including a 11.6% decrease in energy consumption per unit of GDP, demonstrates China's commitment to financial sustainability and environmental responsibility.
