Economic Daily: Why the 140 Trillion Yuan Report Card Is Remarkable | Top Commentary

Deep News01-19

The year 2025, marking the successful conclusion of the "14th Five-Year Plan," saw China's economy achieve a 5% growth rate, successfully fulfilling the annual targets and propelling the total economic output beyond the 140 trillion yuan milestone to reach 140.1879 trillion yuan. This represents a substantial and encouraging report card, one that was hard-won and truly commendable. Amidst insufficient momentum for global economic growth, strong "headwinds" such as geopolitical conflicts and rising protectionism, and increasing domestic difficulties and challenges, the Chinese economy has not only reached a new level in total output but has also effectively enhanced the quality of its development within such a complex and severe environment. Furthermore, it is important to recognize that as China's economic scale continues to expand, the same 5% growth rate now generates a larger increment and carries higher substantive value. This "stability" was not achieved through natural growth in calm waters but was hard-fought through navigating against the current and battling wind and waves, making it no easy feat. From an international perspective, the approximately 5% growth rate places China among the top performers of major global economies, demonstrating the strong resilience and endogenous dynamism of a large economy. The 140 trillion yuan GDP is not merely a continuation of scale expansion but also a vivid reflection of structural optimization and momentum transformation. China's economic growth is increasingly driven by innovation and domestic demand, with improved development coordination and sustainability, accumulating powerful momentum for higher-quality growth in the future. The successful achievement of the main economic and social development targets for 2025, as evidenced by this hard-won report card, tells us: as long as we adhere to the correct direction, unite with concentration, and strive together, the prospects for China's economy will undoubtedly be even brighter.

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