The Chinese economy has reached a scale close to the combined total output of the world's third through seventh largest economies, with the past five years seeing China act as the primary contributor to global growth and a key source of stability.
During the 14th Five-Year Plan period, China's Gross Domestic Product achieved consecutive milestones, surpassing thresholds of 110 trillion, 120 trillion, 130 trillion, and finally 140 trillion yuan. The cumulative increase over this period exceeded 36 trillion yuan, an amount equivalent to the annual economic output of the world's third-largest economy.
By 2025, China's total economic output reached 140.2 trillion yuan, approaching the sum of the economies ranked third to seventh globally.
In terms of growth rate, the Chinese economy expanded at an average annual rate of 5.4% during this period, significantly higher than the global average of approximately 3.7%, placing it among the top performers of the world's major economies.
China's per capita GDP increased from $10,632 in 2020 to $13,953 in 2025, remaining above the $13,000 mark for three consecutive years.
Data indicates that China's per capita Gross National Income reached $13,660 in 2024, a 27.2% increase from 2020. In the World Bank's per capita GNI rankings for 2024, China placed 76th out of 201 economies, ascending to the top position among upper-middle-income countries.
Furthermore, China's contribution to world economic growth exceeded 30% in both 2023 and 2024, reaching 33.7% and 32.5% respectively. Based on a projected global economic growth rate of 2.7%, China's contribution rate for 2025 is estimated at 35.5%.
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