Chinese economy resilient to fluctuations

China's GDP grew by 5.0 percent in the first half of this year, with the second quarter growth of 4.7 percent being slightly lower than the first quarter. The GDP growth figures show not only the resilience and dynamism of the Chinese economy amid global economic uncertainties and domestic structural adjustments but also the effectiveness of government policies.

China's economic performance has been robust, with its GDP increasing from 99 trillion yuan ($13.62 trillion) in 2019 to 126 trillion yuan in 2023, achieving a year-on-year growth of 5.2 percent. Despite facing challenges on both the domestic and external fronts, the Chinese economy has maintained a stable growth trajectory.

By the end of 2023, China accounted for 18.5 percent of the global GDP, an increase of nearly 5 percentage points from 2013.