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China Daily / 2024-01 / 19 / Page008

With recovery of Chinese economy on solid footing, it will remain a driver of global growth

China Daily | Updated: 2024-01-19 00:00

Given the giant size of the Chinese economy, about 17 percent of the global economy, and the tremendous headwinds it has had to overcome, that it sustained a 5.2-percent growth last year, 2.2 percentage points higher than the previous year, is undoubtedly a hard-won result.

As the majority of the key indicators point to the recovery momentum of the world's second-largest economy consolidating and strengthening, it can be said that China is quickly adapting to the complicated geopolitical situation and uncertainties.

It is expected that China will have contributed about 30 percent of world economic growth last year, which means that it will have continued to be a major growth engine for the world, as it has been over the past more than three decades.

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