According to the latest statistics from the National Bureau of Statistics, the GDP in 2023 will exceed 126 trillion yuan, an increase of 5% over the previous year2%。
China's economy has successfully achieved its target and delivered a report card with good quality and weight," said Kang Yi, director of the Bureau of International Statistics, at a press conference on January 17.
The acceleration of the growth of new economic drivers, the continuous recovery of market demand, the vigorous development of strategic emerging industries, the continuous promotion of green transformation, the resilience of foreign trade, and the strong protection of people's livelihood have become the prominent features of the latest "annual report" of China's economy.
As the world's largest manufacturing center and the second largest consumer market, China contributes more than 30% to the global economy in the context of weak world economic recovery, and is still the most important "locomotive" of world economic growth.
In 2023, the value of China's imports and exports of goods will reach 4176 trillion yuan, achieving positive growth. The total export of "new three" (new energy vehicles, lithium batteries, and photovoltaics) products is 106 trillion yuan, breaking through the trillion yuan mark for the first time, an increase of 299%。The new engine of foreign trade is becoming stronger and stronger, which fully demonstrates the strong resilience of China's economy.
According to preliminary statistics, as the world's leading new driving force, China's cross-border e-commerce has developed rapidly, allowing "buying and selling globally" to not only meet the diversified and personalized needs of domestic consumers, but also help China's products reach the world. In 2023, China's cross-border e-commerce import and export will be 238 trillion yuan, an increase of 156%。The implementation of AI technology has allowed more small and medium-sized foreign trade enterprises to enjoy the dividends of AI foreign trade.
2023 is known as the big year of artificial intelligence, and large model applications are emerging in an endless stream. In 2024, the large model market is also known as the "wave year" of development, and AI and large models will be deeply implemented in more industries.
According to the latest UBS report, China is shifting from an investment-driven growth model to high-quality growth driven by domestic demand. Against this backdrop, the green economy, mass consumption and high technology will become the new drivers of China's economic growth.
With the deepening of the concept of sustainable development, the concept of ESG (Environmental, Social, Governance) is being accepted by more and more Chinese enterprises. In 2022, China was the country with the largest number of green bonds in the world. From $26 billion at the end of 2020 to $42 billion in the second quarter of 2023, the inflow of funds into ESG products in the Chinese market is steadily increasing.
In 2023, the consumer market will recover well, with many hot spots and bright spots, becoming an important force driving economic recovery. **The economic meeting pointed out that it is necessary to vigorously develop new types of consumption such as digital consumption, green consumption, and healthy consumption, and actively cultivate new consumption growth points such as smart homes, cultural and entertainment tourism, sports events, and domestic "trendy products".
According to the Chief Representative of the International Monetary Organization in China, China's economy will maintain good growth in 2024 and contribute one-third of the momentum to global economic growth. At present, China's economic development is still facing many opportunities. Accelerating technological breakthroughs in artificial intelligence, commercial aerospace, quantum technology, biomanufacturing and other fields, and accelerating the transformation of production and consumption through green development, will promote the transformation of the production industry and provide a broader stage for China's economic development.