CPPCC spokesperson: China's economy made steady progress in 2024

China's economy made steady progress in 2024, and high-quality development has been solidly promoted, Liu Jieyi, spokesperson for the third session of the 14th Chinese People's Political Consultative Conference (CPPCC) National Committee, said on Monday.

The CPPCC National Committee, China's top political advisory body, held a press conference on Monday, one day before its annual session. Liu made the remarks while briefing the press on the session.

In 2024, China's gross domestic product (GDP) reached a record 134 trillion yuan (about $18.38 trillion), marking a 5-percent year-on-year increase, ranking the country as one of the best among major economies in the world, Liu said.

New industries and new business formats keep emerging. Smart manufacturing and smart products are advancing on a monthly or daily basis, and green productivity is booming, he continued, adding that China is leading the world in wind power, photovoltaics and new energy vehicles.

China's consumption has been showing strong momentum during the Spring Festival holiday, the spokesperson said, adding that the household appliance and audiovisual equipment sales revenues surged 166.4 percent from last year's figure, with sales revenues from tourism-related services increasing 37.5 percent.

China's economy is moving steadily along the path of high-quality development, the spokesperson noted.