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Reuters Published December 27, 2024 Reading time
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China revises up 2023 GDP to $17.73 trln, rules out impact on 2024 figure

By
Reuters Published
December 27, 2024

China revised upwards its 2023 gross domestic product (GDP) by 2.7% to 129.4 trillion yuan ($17.73 trillion), a top statistics official said on Thursday, while releasing the fifth national economic census.

Policy support late this year has set China's economy on track to hit a growth target of "around 5%" as activity warmed slightly, but challenges such as potential U.S. tariff hikes still weigh on prospects for next year.

Kang Yi, the head of the National Bureau of Statistics, made the remarks at a press conference in Beijing, the capital, adding that the bureau would publish further details of the revision on its website in the next few days.