BEIJING — In 2024, China’s economy experienced an annual growth rate of 5%, successfully meeting the government’s target. This growth was largely supported by a boost in exports and various stimulus initiatives implemented by the authorities.

The increase in exports played a significant role in driving the economy forward as demand for Chinese goods surged in various international markets. Additionally, the government’s measures aimed at stimulating economic activity provided a much-needed support system. These efforts included financial incentives and investments designed to bolster consumer spending and enhance production capabilities.

Analysts suggest that while this growth aligns with China’s planned objectives, ongoing global challenges and internal economic factors could pose risks to future stability. Policymakers may need to remain vigilant and adaptive to ensure continued progress in the face of these uncertainties.

Overall, the impressive performance of China’s economy in 2024 reflects a combination of favorable external conditions and proactive domestic policies aimed at fostering economic resilience and growth.