Beijing: China has revised down its final economic output for 2024 after a detailed review of nationwide data, according to official figures released on Friday.
The National Bureau of Statistics said China’s nominal gross domestic product for 2024 stood at 134.8 trillion yuan, slightly lower than the earlier preliminary estimate. The revision reduced the total by about 101.8 billion yuan, a small adjustment made after cross checking full annual data from provinces and key sectors.
Officials said the change was part of routine statistical verification and did not signal a major shift in the overall economic picture. The country’s real economic growth rate for 2024 remained close to the government’s target of around 5 percent, supported by manufacturing, services, and steady export performance.
Economists noted that such revisions are common once more complete information becomes available. They said the modest size of the adjustment suggests the broader trend of stable growth has not changed.
China’s economy in 2024 faced pressure from a prolonged property sector slowdown and cautious consumer spending. However, investment in high technology manufacturing, green energy, and advanced services helped offset some of the weakness.
Looking ahead, policymakers expect economic activity to expand further in 2025, with official projections indicating that China’s total economic output could exceed 140 trillion yuan. Authorities have signaled continued support for consumption, innovation, and financial stability as key priorities for the coming year.
The latest revision comes as global investors closely watch China’s economic data for signs of recovery momentum amid ongoing global uncertainty.